ATLANTIC CITY ELECTRIC GETS RATE HIKE APPROVED

logo-ace-smallThe New Jersey Board of Public Utilities (BPU) recently authorized Atlantic City Electric to make several rate adjustments that would result in an estimated 5.5 percent increase to customers bills effective Jan. 1, 2011.
The utility does not earn a profit on the items included in the rate adjustments. They represent a pass-through of costs which include the
Non-Utility Generation Charge (NGC), Societal Benefits Charge (SBC) and
the System Control Charge (SCC). These components address the increased
cost of long-term power purchase contracts with non-utility generators,
funds for several state-wide societal benefits programs and operating
costs associated with the Company?s Residential Appliance Cycling Program.

The rate adjustments approved by the BPU are based on projected deferred
balances as of Nov. 30, 2010, and projected expenses for the period of
Dec. 1, 2010 through May 31, 2012, resulting in a total of $123.016
million to be recovered through the NGC and $32.371 million to be
recovered through the SBC over 18 months.
The monthly bill would increase by $9.88 from $178.74 per month to $188.62 with a proposed effective date of Jan. 1, 2011.