JCP&L Wants Big Rate Hike in 2028 | Newark News

JCP&L wants to raise electric rates by nearly 9%—but not right away. They’re asking the New Jersey Board of Public Utilities to delay the hike until January 2028, giving customers time to adjust. The company says the money is needed for critical grid upgrades: faster repairs after storms, improved reliability, and overall system strength. But state senators are pushing back, warning residents already struggling with costs can’t afford another hit. The Board now faces a tough call: balancing infrastructure needs with household budgets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/674490ab14f889b3