Consumer Protection News

The Board of Public Utilities sent a clear message to Exelon and PSEG that they are rejecting the companies’ proposal and will not be bullied into accepting a deal that does not bring clear positive benefits to New Jersey in terms of rates, competition, jobs and safe, reliable, quality service. We are also pleased to hear that the Commissioners have made the resolution of market power a top priority in these proceedings. Market power, if not addressed, would allow the company to control and manipulate electricity prices, putting consumers and their pocketbooks at risk.

Our groups also applaud the BPU Commissioners for asserting, through passage of a resolution, that they will not succumb to threats and bullying tactics by the companies, and will instead continue good faith negotiations through substantive and open dialogue, with all the facts on the table and all the parties involved.

The onus is now on the companies to decide what comes next. Our groups do not know if the companies will make true on their promise to walk away or if they will return to negotiations. If the companies choose not walk away, we cannot underscore enough how important it is that the BPU Commissioners hold firm on their commitment to require clear positive benefits to New Jersey ratepayers and the State.

Finally, we are aware that Exelon and PSEG are spending resources on public relations to “sell” their inadequate proposal to the public. The information contained in these advertisements is half truths and spin, and we wish to emphasize that the public is entitled to a full explanation of the facts of this case and all the anticipated effects of this buy-out. No amount of company financed public relations can alter the fact that the proposal on the table is not in the best interest of ratepayers.

Additional Contacts:
Phyllis Salow–Kaye, NJCA (973) 220-3823
Alvin Montero, (609) 947-3122