Municipal Energy Audit Release

T New Jersey Board of Public Utilities NEWS RELEASE For Immediate Release: Contact: February 9, 2011 Doyal Siddell 973-468-8515 New Jersey Board of Public Utilities Approves Electricity Auction Results – Auction outcome results in lower electricity prices across nearly all sectors – TRENTON, N.J. – Today, the New Jersey Board of Public Utilities (Board) unanimously approved the results of the state's tenth annual electricity auction for Basic Generation Service (BGS). The auction determines, in part, the cost of electricity for most New Jersey residents and businesses. The Board’s approval will result in lower prices for the electricity commodity supplied to most residents and businesses for the twelve-month period starting June 1, 2011. “New Jersey’s competitive auction for electricity, along with relevant market conditions, has resulted in lower electricity costs for most residents and businesses across the state,” said Board President Lee Solomon. “While the auction results are good news for most ratepayers, the Board will continue to make every effort to drive ratepayers’ utility costs down and improve the State’s economic competitiveness.” The Board's approval covers the ...