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N.J. Updates Economic Development Rates

Fortnightly Magazine - November 1 1995

The New Jersey Board of Public Utilities (BPU) has approved a plan by Jersey Central Power & Light Co. to replace its existing economic development tariffs with a new "Business Enhancement Incentive" rider. The tariff revision would continue programs designed to further the building expansion and use plans of large customers by offering discounted rates, but would eliminate ineffective programs such as per-worker rebates, priority location rebates, and high energy-efficiency programs. The new tariffs would retain rate discounting methods that the utility found successful in the past, while expanding eligibility by reducing square footage and usage requirements. Re Jersey Central Power & Light Co., Docket No. ET93060252, Aug. 21, 1995 (N.J.B.P.U.).

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