JCP&L files proposal for $253 million base distribution rate increase in New Jersey
FE•New Jersey rate proposal and capital plan
JCP&L files a base-rate proposal with New Jersey regulators that defers residential delivery-rate impacts until January 2028.
- FirstEnergy unit Jersey Central Power & Light filed a base-rate proposal with New Jersey regulators that defers residential delivery-rate impacts until January 2028.
- The plan seeks a $253 million base distribution-rate increase; the bill effect is estimated at about 7% once proposed 2027 offsets expire in 2028.
- A separate dedicated charge would recover $476 million in deferred storm costs starting January 2028, spread over 10 years.
- A typical residential bill using 767 kWh would rise about 8.8%, or $14.23 a month, from $162.30 if the filing takes effect.
- The proposal supports $2.1 billion in additional base distribution investment within a broader $6.9 billion five-year capital plan.
