Most New Jersey power rates to decline, PSE&G rates flat

Thu Feb 7, 2013 12:46pm EST

Feb 7 (Reuters) - Power rates for most New Jersey customers declined following the state's power auction, state utility regulators said Thursday.

Public Service Gas and Electric (PSE&G) rates, however, will remain the same because of increased costs for major transmission projects in that utility's service area, the regulators said.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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