Understanding Your Bill
A Note to Our Customers
The information provided about your energy bill is a summary of the charges that may be applicable to you as a customer of PSE&G. It does not replace the PSE&G Tariffs for Electric Service and/or Gas Service. These tariffs are on file with the New Jersey Board of Public Utilities.
A security deposit may be required on a new account. The amount of the deposit will be based on the rate being billed at the premise.
Once the security deposit has been paid, it accrues interest. The security deposit and interest are then held until they are eligible to be returned to the customer after either 1) a positive payment history of 12 months (for residential customers) or 24 months (for business customers), or 2) the account is closed.
Security deposit interest rates are determined on an annual basis by the New Jersey Board of Public Utilities. Here are the security deposit interest rates for the past 6 years: