Number of the Day: $440,000

March 30, 2011 | Number of The Day

That is what Levitan & Associates earned for its work over the past 60 days overseeing the awarding of three contracts to power suppliers to build new generating capacity in New Jersey. In approving the pilot program, the legislature set an enormously tight timeframe for the state Board of Public Utilities (BPU) to carry out implementation of the program, which is designed to lower electric bills for consumers in the state. If successful, the pilot may lower consumer bills by at least $1.8 billion over 15 years. For now, though, consumers will eat the consultant’s nearly half-million in costs in higher utility bills — eventually.