Petition of Atlantic City Electric Company for Approval of an Increase in Rates and Charges for Electric Service

Atlantic City Electric petitioned the New Jersey Board of Public Utilities to request an increase of $61.65 million ($65.95 million including Sales and Use Tax) in distribution rates. This would result in a monthly bill increase of $9.57 or 5.62% (for a customer using 1,000 kWh/month). Synapse assisted the New Jersey Division of Rate Counsel by performing a technical and engineering assessment of the costs associated with the Company’s petition, a prudency review of costs and benefits associated with the Company’s petition, and a review of the Company’s reliability performance.