Your Gas & Electric Bills
August, PSE&G raised gas rates by 10%
are expected to go up again before the year is out by 15- 35%!
the meantime, utility companies are posting very healthy profits. PSEG
& EXELONís top corporate brass are doing very well too. Since
agreeing to the buy out, they have reaped over $38 million in stock options and
other compensation this year alone.
No to High Utility Rates
November 29, 2005
let us know youíre attending and for transportation or more information
Howard at 856 966 3094 or via email at email@example.com
When it Comes to Your Wallet, Reliable Service, Jobs
the NJ Economy
Chicago-based Exelon Corporation wants to buy
PSEG and create
the largest electric company in the
is a Bad Deal for Consumers.
Although the company brass are making lots of money off the deal, and claim
there will be savings, there are no plans to pass those savings on to consumers
by lowering our prices. Instead the companies claim the deal will cost
$400 million in the first year alone, a tab that may be left to NJ ratepayers.
Combining PSEG & Exelon will create a huge company that will control at
least 30% of our regional electricity market. Increased market share in a
deregulated market will give the company the ability to drive up prices for
consumers, Enron-style. Rising electricity and gas prices are already
wrecking budgetary havoc on the two million customers served by PSE&G.
Deal Could Harm the Reliability of NJís Electric System.
Exelonís history of cutting investment in maintenance of transmission lines,
the buy-out bid will likely harm the reliability of our electricity system,
making us more vulnerable to brown and black outs. After Exelon took over
Philadelphia-based PECO in 2000, it reduced transmission maintenance by
one-third. Exelonís cost cutting has also hurt customer service.
In 2003, PECO had the worst overall customer service rating out of 7 PA electric
utilities. We donít need these practices in NJ.
and Acquisitions Result in the Firing of Thousands of Workers:
Since 1992, the number of full-time employees of investor owned electric
utilities has decreased by 20%, costing tens of thousands of workers their jobs.
Right now, Exelon and PSEG are reporting that 1,400 jobs will be lost as a
result of the buyout. It is anticipated that
Exelon/PSE&G Buy-Out Bid Can Only Happen if it is Approved by the NJ Board
of Public Utilities.
Jeanne Fox, President of the
more information contact Juanita Howard at 856 966 3094 or