Firstenergy's JCP&L Receives Approval From New Jersey Board Of Public Utilities To Implement Measures To Ease Electricity Price Burden

Author: Benzinga Newsdesk | June 18, 2025 10:50am

Credits, benefits enhance year-round programs that aid customers

HOLMDEL, N.J., June 18, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE:FE), has received approval from the New Jersey Board of Public Utilities (BPU) to implement measures that will help ease the impact of rising electricity prices on families.

To help offset higher summer costs, JCP&L will apply a $30 deferral credit on all residential bills in July and August. The deferral credit will be recovered through a $10 monthly charge from September through February, when electricity use is lower.

The approved measures also include:

• A limited suspension of service shut-offs in July, August and September, following the same criteria as the Winter Termination Program, which provides protection for certain vulnerable customers.
• Waived reconnection fees from July 1-Sept. 30.
• Enhanced deferred payment agreements, or payment plans, allowing customers to spread past-due balances over up to 24 months instead of 12 months.

Posted In: FE