Tax law, nuclear proposal suggest utility rate changes

Posted: Updated:

By MIKE CATALINI
Associated Press

TRENTON, N.J. (AP) - If you pay a utility bill in New Jersey, price changes appear to be on the way.

But whether they're going lower or higher overall is much murkier.

The Democrat-led Legislature appears set next week to take a final vote on a nuclear energy bill. The measure would provide roughly $300 million in annual financial assistance to the state's nuclear power industry, costing utility ratepayers an estimated $41 a year.

But that measure is advancing as the Murphy administration is requiring electric, gas and water utilities in the state to slash rates by a combined $271 million because of the federal tax cut bill.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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