JPS has filed a rate review application with the Office of Utilities Regulation (OUR) to recover costs related to investments in infrastructure, renewable energy support, and new technology. If approved, customers can expect to see an average increase of 3.2% in overall monthly billing by early 2020, pending regulatory review and approval. The billing change could be lower or higher depending on the customer category.
“We’re making significant investments in our infrastructure and systems every year to maintain, upgrade and ensure the safety and reliability of the equipment that serve our customers every day,” says Emanuel DaRosa, President and CEO of JPS.
“Additionally,” the CEO notes "This investment will go into upgrading transmission and distribution lines, replacing thousands of poles, replacing all streetlights with Smart LED streetlights, improving and renewing our fleet of generators and modernising the grid to improve reliability while enabling it to accommodate more renewable energy sources in the future."
The rate review filing is done every 5 years, with the last review taking place in 2014.
CVM Television Limited (CVM TV) broadcasts 24 hours of scheduled programming each day. CVM TV aims to maintain high quality, first-world broadcasting standards and ongoing coverage across the entire island at all times.