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BPU staff recommends JCP&L cut rates

BPU staff recommends JCP&L cut rates

BPU staff recommends JCP&L cut rates

(AP) - Regulators are recommending New Jersey's second-largest utility cut electric rates by more than $200 million. Jersey Central Power & Light was seeking to boost rates by $31 million. But staff members with the state Board of Public Utilities say JCP&L earned a profit above its approved amount. The state's Rate Counsel Division has been pressing for lower rates. JCP&L...

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