NU and NStar Object to Call for Deal Delay
BOSTON (AP) _ Northeast Utilities and NStar have told Massachusetts regulators that the Patrick administration’s request for a delay in approval of a proposed $4.72 billion deal is based on factual errors and will harm consumers.
The two companies filed objections Thursday with the state Department of Public Utilities. They say the Department of Energy Resources is uninformed about the public review of the proposed purchase of NStar by the Connecticut utility.
The two companies say the state doesn’t offer a good reason for its request for a delay, which they say could kill the deal.
A spokeswoman said the energy agency is reviewing the objections and didn’t immediately comment.
State energy officials say the companies have failed to provide sufficient detail about the environmental and financial benefits and haven’t provided “substantive information” on proposed rate changes.
(Copyright 2011 by The Associated Press. All Rights Reserved.)