Senator Carmen Amato and Assemblymen Brian Rumpf and Greg Myhre are calling on the Board of Public Utilities (BPU) to reject a recent petition filed by New Jersey Natural Gas that would increase heating bills by 24% for utility customers.
“Approving the rate increase would blatantly deviate from the Board’s Mission Statement to ensure affordable rates to all members of the public who seek such services,” said the Delegation in a letter sent to BPU President Christine Guhl-Sadovy.
New Jersey Natural Gas (NJNG) says that it wants to raise rates to recoup some of the $850 million that it spent on investments into its natural gas infrastructure since 2021.
If the company’s request is granted by the Board of Public Utilities, the typical household would see its gas bill go from $122.84 to $151.85, or 23.6%.
The last time NJNG raised its rates was in 2021, when the typical household saw its gas bill increase by 11.3% – lower than the 24% increase requested by NJNG.