NEWARK, N.J. (AP) - New Jersey's largest utility company believes customers will pay less for electricity and natural gas even if the company gets permission to spend $4 billion to upgrade its system over the next decade.
Public Service Electric & Gas says residential customers will pay $1 less a month in 2018 than they do now if natural gas prices remain at current levels.
PSE&G announced last month its plan for a series of major upgrades to try to insulate its infrastructure from being kept offline by future storms.
The company gave more details Wednesday, saying bills would go up slightly over the next two years before dropping in 2016 and 2017.
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Wednesday, May 22 2013 7:44 PM EDT2013-05-22 23:44:14 GMT
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
Wednesday, May 22 2013 12:55 PM EDT2013-05-22 16:55:01 GMT
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Tuesday, May 21 2013 5:21 PM EDT2013-05-21 21:21:42 GMT
Revel is bankrupt no more. The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
Revel is bankrupt no more. The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
Tuesday, May 21 2013 7:33 AM EDT2013-05-21 11:33:20 GMT
A New Jersey priest who resigned after admitting he worked unsupervised with kids despite a legal agreement that barred him from doing so is headed to court.
A New Jersey priest who resigned after admitting he worked unsupervised with kids despite a legal agreement that barred him from doing so is headed to court.
Monday, May 20 2013 10:42 PM EDT2013-05-21 02:42:18 GMT
Omar Morales feels lucky to be here for his son Joshua's 10th birthday on Monday. Morales was one of the passengers on board a USAir flight that made an emergency landing at Newark Liberty.
Omar Morales feels lucky to be here for his son Joshua's 10th birthday on Monday. Morales was one of the passengers on board a USAir flight that made an emergency landing at Newark Liberty.
A chandelier by glass artist Dale Chihuly that once belonged to former Texas tycoon R. Allen Stanford is to be sold at auction to raise money to help compensate victims of his Ponzi scheme.
A chandelier by glass artist Dale Chihuly that once belonged to former Texas tycoon R. Allen Stanford is to be sold at auction to raise money to help compensate victims of his Ponzi scheme.
Wednesday, May 22 2013 12:34 PM EDT2013-05-22 16:34:16 GMT
While in CPS custody, Rachael's parents say they didn't see her for two months. What they saw then was a drooling, lethargic, emaciated looking little girl.
While in CPS custody, Rachael's parents say they didn't see her for two months. What they saw then was a drooling, lethargic, emaciated looking little girl.
