Power Utility Overbilled Customers, Erred on Tax Law, Audit Finds

September 2, 2026 | njspotlightnews.org

The power company that serves the Atlantic City region “overbilled” transmission customers, improperly wrote off equipment as business expenses and misinterpreted a federal tax law, according to a federal audit.

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NJ SEED: Electric utility compliance with BPU and FERC rules is essential. That’s why utilities and other companies pay “the big bucks” for lawyers and accountants. Perhaps AC Electric didn’t spend enough in that category.