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How an Electricity Rate Freeze Could Actually Work

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What will most likely happen, Abraham Silverman, a Johns Hopkins University scholar who previously served as the New Jersey Board of Public Utilities’ general counsel, told me, is that New Jersey’s four major electric utilities will work with the governor to deliver on her promise, finding ways to shave off spending and show some forbearance. Then there’s the hard way — slashing utilities’ regulated rates of return.

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