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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Saturday, May 25 2013 8:49 PM EDT2013-05-26 00:49:32 GMT
AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.42, up 3 cents from last week. But that's still lower than the price from a year ago
AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.42, up 3 cents from last week. But that's still lower than the price from a year ago
Saturday, May 25 2013 6:36 PM EDT2013-05-25 22:36:58 GMT
Members of the American Legion Post 1 honored their own this Memorial Day. The veterans association decorated the graves of veterans at the Cemetery of the Madonna in Leonia Saturday morning.
Members of the American Legion Post 1 honored their own this Memorial Day. The veterans association decorated the graves of veterans at the Cemetery of the Madonna in Leonia Saturday morning.
Friday, May 24 2013 10:44 PM EDT2013-05-25 02:44:03 GMT
The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by Superstorm Sandy.
The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by superstorm Sandy. The Fox 5 weather team is calling for sunny skies on Sunday and Monday.
Friday, May 24 2013 8:10 PM EDT2013-05-25 00:10:09 GMT
AP photo
Resorts held a grand opening Thursday for Margaritaville, the $35 million restaurant, bar, and gambling complex that's part of a $70 million expansion and renovation.
Resorts held a grand opening Thursday for Margaritaville, the $35 million restaurant, bar, and gambling complex that's part of a $70 million expansion and renovation.
Friday, May 24 2013 5:33 PM EDT2013-05-24 21:33:47 GMT
New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
Friday, May 24 2013 11:12 AM EDT2013-05-24 15:12:21 GMT
AP photo
President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
Friday, May 24 2013 9:23 AM EDT2013-05-24 13:23:33 GMT
New Jersey's education commissioner has overturned the firing of a high school athletic director who was caught on camera putting dog waste on his ex-wife's car.
New Jersey's education commissioner has overturned the firing of a high school athletic director who was caught on camera putting dog waste on his ex-wife's car.
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