So, like, on May 16, 2025, PSE&G is like making some changes to their filing with the New Jersey Board of Public Utilities (BPU) from May 7. They wanna help out with the super high electric supply costs that PJM is throwing their way. Apparently, these prices are causing some major headaches for everyone involved. Governor Phil Murphy is all about finding some temporary solutions, so PSE&G is stepping up to the plate.

Kim Hanemann, who is the president and COO of PSE&G, is like, “Hey, we didn’t cause these crazy rate hikes, but we’re here to help our customers out.” They’re all about working with the community to make sure everyone can pay their bills. They’re even looking at some short-term fixes while they figure out the long-term solutions. It sounds like they’re really trying to do right by their customers.

PSE&G is asking the BPU to give the green light to a few things:

– They wanna expand the Winter Termination Program to protect low-income and vulnerable folks from having their utilities shut off.
– They’re asking for a break on reconnection fees.
– They’re willing to waive carrying charges for a temporary credit that will start on July 1, 2025. This credit will help offset the higher electric bills that are coming this summer. Carrying charges are basically the cost that PSE&G incurs when they delay collecting the supply cost increase from their suppliers.

In line with the BPU’s order from April 23, 2025, PSE&G’s May 7 filing talks about this Temporary Supply Offset Clause (TSOC). This temporary credit starting on July 1, 2025, is meant to help out with the electric bill increases that are happening this summer. Those increases are mostly because of some auction thing that happened in July 2024. PSE&G is looking at a few options for this credit based on what the BPU Staff has suggested.

PSE&G has been sounding the alarm for a while now about the supply and demand issues in the PJM region. They’re committed to working with the government and other stakeholders to find some long-term solutions to these rate hikes. They’re talking about making some policy and legal changes to encourage the development of new generation. It sounds like they’re in it for the long haul.

So, that’s the scoop on what PSE&G is up to these days. It’s a tough situation with these crazy high electric supply costs, but they’re doing their best to help out their customers. Who knows what the future holds, but it seems like they’re on the right track.