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Let’s all give the power companies some more money

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Hampshire Cos. opens storage facility in Westwood

By Mario Marroquin
October 20, 2017 11:16 AM

The Hampshire Companies and Westwood Realty recently celebrated the ceremonial ribbon cutting of its 37 Extra Space Storage facility in Westwood. The facility, a 100,000-square-foot, 916-unit self storage property located at 15 Madison Ave., was opened by Westwood Mayor John Birkner Jr. and Council President Chris Montana. CONTINUE READING

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October 20, 2017 10:27 AM

Commercial brokerage Marcus & Millichap recently announced it has completed the sale of a 392-unit multifamily property in Camden. CONTINUE READING

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October 19, 2017 12:49 PM

Commercial real estate brokerage Gebroe-Hammer Associates recently announced it completed the sale of a 30-unit garden-style apartment community in Belmar. CONTINUE READING

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October 19, 2017 01:14 PM

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Hampshire completes sale of Hackettstown Commerce Park

By Mario Marroquin
October 18, 2017 07:02 AM

Real estate investment firm The Hampshire Cos. recently announced it has completed the sale of a 197,438-square-foot industrial complex to Devli Group in Hackettstown. CONTINUE READING

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A lot of residents in Sandy-slammed areas probably thought they saw it all from JCP&L as the recovery effort dragged on.

Actually, a lot of those residents probably saw very little, since many in JCP&L territory were in the dark for days at a time, with no way to know when to expect their lights might come on. But I digress.

Now comes the news that, on top of everything else, the utility wants a 1.4 percent rate hike, which is a lot like a child ripping the head and limbs off a G.I. Joe doll, then demanding his parents buy him a new one. That rate hike, by the way, is only for damage incurred during Irene and “Snowtober.” It has nothing to do with the far-more-devastating Sandy, which the utility has said it will pay for out of its own pocket, without a rate increase.

Ha, ha! Just seeing if you were paying attention. Of course they will apply for another rate hike next year, promising in earnest to use the money to harden their system against major storms.

I’m not sure how much you can really blame JCP&L for the outages after the storm, which was of an intensity completely alien to the Jersey coast. And you certainly can’t fault linemen who worked long days and weeks to get the power back online. But the utility is so ham-handed in the PR department that you could probably serve it with pineapple and baby carrots for Easter dinner. Mayors up and down the state say they were left in the dark, literally and figuratively, about when the juice would come back on; lawsuits have been filed; and some towns and residents have threatened to secede, while others are merely calling for blood. Now they’re demanding another $30 million a year? Even if the plan is to harden the infrastructure, as the company claims, this is not the time to pursue a rate case.

I’m even more irreverent on Twitter @joe_arney.

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Let’s all give the power companies some more money

By

Back to Top Comments Email Print

Latest News

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A lot of residents in Sandy-slammed areas probably thought they saw it all from JCP&L as the recovery effort dragged on.

Actually, a lot of those residents probably saw very little, since many in JCP&L territory were in the dark for days at a time, with no way to know when to expect their lights might come on. But I digress.

Now comes the news that, on top of everything else, the utility wants a 1.4 percent rate hike, which is a lot like a child ripping the head and limbs off a G.I. Joe doll, then demanding his parents buy him a new one. That rate hike, by the way, is only for damage incurred during Irene and “Snowtober.” It has nothing to do with the far-more-devastating Sandy, which the utility has said it will pay for out of its own pocket, without a rate increase.

Ha, ha! Just seeing if you were paying attention. Of course they will apply for another rate hike next year, promising in earnest to use the money to harden their system against major storms.

I’m not sure how much you can really blame JCP&L for the outages after the storm, which was of an intensity completely alien to the Jersey coast. And you certainly can’t fault linemen who worked long days and weeks to get the power back online. But the utility is so ham-handed in the PR department that you could probably serve it with pineapple and baby carrots for Easter dinner. Mayors up and down the state say they were left in the dark, literally and figuratively, about when the juice would come back on; lawsuits have been filed; and some towns and residents have threatened to secede, while others are merely calling for blood. Now they’re demanding another $30 million a year? Even if the plan is to harden the infrastructure, as the company claims, this is not the time to pursue a rate case.

I’m even more irreverent on Twitter @joe_arney.

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