PSE&G Files Scheduled Rate Case, Its First in Nearly 6 Years

On Dec 29, 2023

PSE&G today filed its scheduled rate case with the New Jersey Board of Public Utilities. As required by the NJ Board of Public Utilities’ rules, this rate case is PSE&G’s first comprehensive electric and gas rate case in nearly six years.

The PSE&G rate case filed today seeks to recover more than $3 billion in capital investments made over the past several years. The rate case requests an overall bill increase of approximately 9%. For a typical combined residential electric and gas customer, it would represent an increase of approximately 12%, or an average of $25 per month.

A main component of the case is to recover capital investments made to strengthen and modernize the state’s electric and gas infrastructure since PSE&G’s last rate case in 2018. PSE&G’s request is among the lowest proposed rate increases filed by a New Jersey public utility over the past several years.

With this filing, a PSE&G combined electric and gas bill is about 3% of NJ household income for median-income customers and about 2% of household income for low-income customers that take advantage of available payment support programs. According to PSE&G, over the past 15 years, the affordability of its bills has improved by approximately 40%.

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