NJ Utility Regulator's New Chief Considers $207M Rate Cut
By Joshua Alston
Law360, New York (January 30, 2014, 9:08 PM EST) -- New Jersey’s Board of Public Utilities on Wednesday heard recommendations for a state utility to slash rates by $207 million and reluctantly renewed Verizon Communications Inc.’s fiber-optic cable franchise amid concerns of missed fulfillment commitments, marking an eventful debut for the agency’s newly appointed president.
Following brief remarks in which she thanked outgoing BPU President Robert Hanna and pledged her diligence, incoming BPU President Dianne Solomon got right to business in her first meeting as president. The board took up Jersey City Power & Light’s request...