U.S. Markets closed

NJ utility passes along $280M federal tax cut, but still boosts rates

philly
NJ utility passes along $280M federal tax cut, but still boosts rates

Public Service Electric and Gas Co. on Friday asked the New Jersey Board of Public Utilities to approve a 1 percent increase in rates, a request it says reflects the benefit of the recent federal corporate tax cut. The base-rate increase, the utility's first in eight years, would boost the annual