The New Jersey Board of Public Utilities (BPU) has rejected a proposal to disallow from rates "potentially stranded costs" incurred by Atlantic City Electric Co., an electric utility, under...
Electric's Telecom Project Draws Complaint
The New Jersey Board of Public Utilities (BPU) has denied attempts by MicroNet, a microwave telecommunications firm, to head off possible competition from Jersey Central Power and Light Co., which planned to upgrade its existing two-way radio communications systems by installing antennas and microwave dishes on new and existing towers spread across the state.
MicroNet had claimed the upgrades would create excess capacity and questioned the possibility of ratepayer subsidies.
The BPU denied the move to intervene since, in its view, MicroNet had offered only "speculative arguments" about possible competitive injury, and because, as it explained, Jersey Central was not requesting authority to lease tower space to third parties, or to recover project costs from ratepayers. Re Jersey Cent. P&L Co., BPU Docket No. EE95090404, Feb. 23, 1996 (N.J.B.P.U.).
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