Utility Dive•1 day ago
New Jersey regulators take first step to reform electric utility business model
- •New Jersey's Board of Public Utilities (BPU) is initiating a review of the electric utility business model, including hiring a consultant for a potential overhaul.
- •Potential reforms under consideration include Performance-Based Ratemaking (PBR), multiyear rate plans, and the possibility of lower utility returns.
- •These changes could significantly alter how utilities are compensated, impacting grid investment, interconnection processes, and the cost structure for large power consumers and IPPs in New Jersey (PJM territory).
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