Atlantic City Electric Rate Increase Settled; PowerAhead Funding Deferred to Phase II

The New Jersey Board of Public Utilities (BPU) approved a settlement (Docket No. ER16030252) on August 24 among the parties in a base rate case first filed last March 22 by Atlantic City Electric (ACE). The terms of the agreement reduces the company’s requested increase of 6.3 percent (or $78.9 million) to 3.89 percent.

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