Regulators are recommending New Jersey's second-largest utility cut electric rates by more than $200 million.
Jersey Central Power & Light was seeking to boost rates by $31 million. But staff members with the state Board of Public Utilities say JCP&L earned a profit above its approved amount.
The state's Rate Counsel Division has been pressing for lower rates.
JCP&L spokesman Ron Morano tells The Star-Ledger of Newark the company will evaluate the brief and reply to the recommendation. Morano says the filing does not address the utility's request to cover storm-related damages from Sandy, Irene and other major weather events.
Breaking news and the stories that matter to your neighborhood.
The state's four BPU commissioners will have the final say.
JCP&L serves parts of Ocean and Burlington Counties.