Congressman Smith Statement on JCP&L Withdraw of Petition

Congressman Chris Smith and Freeholder Lillian Burry

FREEHOLD, N.J. – Rep. Chris Smith (NJ-04) today issued a statement regarding Jersey Central Power & Light Company (JCP&L) and Mid-Atlantic Interstate Transmission, LLC (MAIT) withdrawing their petition to the Board of Public Utilities for the transfer of some of JCP&L’s transmission assets to MAIT.

“I am encouraged that Jersey Central Power & Light Company (JCP&L) has withdrawn its petition to the Board of Public Utilities for the transfer of some of JCP&L’s transmission assets to a new sister company,” Smith said. “Had it been approved, I believe it would have made it easier for JCP&L to build the Monmouth County Reliability Project, which I believe is ill-conceived and not in the best interest of the residents. There is still more to be done to protect the citizens of Monmouth County from the potential negative effects of these proposed high voltage transmission lines, and I will continue to work with the residents and grassroots efforts to complete this task. I have a meeting with NJ Transit next week to do just that, and will continue working with other officials in this regard.”

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JCP&L Takes Another Run at Spinning off Transmission Assets

 Jersey Central Power & Light is still trying to win regulatory approval to spin off its transmission assets into a separate company. In an amended petition, the state’s second-largest electric utility is slightly modifying a previous proposal rejected earlier this year by the New Jersey Board of Public Utilities. In denying the spin-off, the board balked… Read the rest of this entry »

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