Op-Ed: BPU – Energy Right

Taking a go-slow approach and vetting every surcharge and suggestion is the only sensible approach to PSE&G's $4 billion upgrade

In the wake of Superstorm Sandy, utility ratepayers face the prospect of paying many billions of dollars in storm-recovery and infrastructure improvements designed to "harden" utility distribution systems in preparation for the "next Sandy". While no one questions the need for more weather-resistant utility distribution systems, concerns have been raised that Sandy could provide a convenient pretext for unrestrained, opportunistic utility spending that could result in windfalls to utilities and unwarranted, long-term financial burdens to ratepayers.

The Board of Public Utilities deserves kudos for its response to these concerns. In a March 20 ruling, the BPU struck an appropriate balance between utility proposals to fortify the state's energy infrastructure and the interests of New Jersey ratepayers who will fund these improvements. The