IHS Chemical Week

New Jersey’s Board of Public Utilities Defers ‘Stranded Costs’ Motion

10:03 AM MST | December 22, 2009 | KARA SISSELL

Chemistry Council of New Jersey (CCNJ; Trenton) says it is disappointed by the state’s Board of Public Utilities’ deferral of a motion asking for mandatory relief from Public Service Electric & Gas (PSE&G) utility involving collection of stranded cost surcharges. The decision last week will defer for a second time in as many months. The petition had demanded that the board review and provide a remedy for the massive, multi-billion dollar, over collection of “stranded cost” charges by PSE&G from New Jersey customers, CCNJ says. CCNJ says the...

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