Public To Comment On Energy Merger
HARTFORD, Conn. (AP) _ Connecticut regulators are inviting the public to weigh in on whether the state has jurisdiction over Northeast Utilities’ plan to buy NStar for $4.6 billion.
The Connecticut Department of Public Utility has scheduled a public hearing for March 25. It said in January it would not review the deal because Northeast Utilities, which is based in Hartford, will remain the corporate parent of subsidiaries still subject to the state’s jurisdiction. But several state officials asked the agency to reconsider.
The agency says Northeast Utilities must provide detailed information about any expected impacts on rates, service or operations.
Since the deal was announced in October, the companies said they have answered questions from Connecticut regulators and filed documents provided to other agencies.
Massachusetts regulators have scheduled hearings for April 6.
(Copyright 2011 by The Associated Press. All Rights Reserved.)