South Jersey Industries unit seeks base rate increase

theflyonthewall.com

South Jersey Gas announced that it has petitioned the New Jersey Board of Public Utilities for a base rate increase of $62M in operating revenue. This filing primarily seeks to recover costs for $553M of necessary infrastructure investments made to enhance the safety and reliability of SJG's system that will have been and will be spent between September 2010 and the end of 2014. Should the full amount of the request be approved, a typical heating customer's monthly bill at 100-therms would increase by $18.43, from $128.31 to $146.74.

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