The New Jersey Board of Public Utilities has approved a refund order valued
at $5.4 million and targeted toward Comcast Corp.
The refunds are the result of a settlement of 36 contested rate cases dating
back to 1994. The regulators alleged that the company overcharged consumers in
Atlantic, Cape May, Cumberland, Gloucester, Salem, Camden and Hunterdon
The order includes cash back to 230,000 customers. The refunds will average
$5.64 per customer, totaling $1.3 million from the company.
The board also ordered a freeze on basic-cable and installation rates through
Jan. 31, 2002. Commissioners said the value to consumers of the freeze is
another $4.1 million.