Atlantic City Electric proposes rate increase - NBC40.net

Atlantic City Electric proposes rate increase

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MAYS LANDING -- Atlantic City Electric customers may soon be seeing an increase in their power bills.

Today the electric company asked the New Jersey Board of Public Utilities for a base rate adjustment of about $69.7-million dollars. 

The company says the money will go towards investments the company has been making in infrastructure.

 

"We think it's very important for us to continue due to the fact that we've had new storm activity. Our customers are really looking for reliable power," says Vince Maone, regional president of Atlantic City Electric. "They want us to be out there, be responsive and I think improvements to the electric infrastructure would really have a huge benefit."

For the average customer, the rate adjustment will mean an increase of about $12.69 a month. That's somewhere between $182 and $195 a year.


 

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