HARTFORD, Conn. (AP) _ Northeast Utilities says the cost for repairs and to restore power after remnants of Hurricane Irene hit New England will be more than $100 million.
The Hartford utility outlined the impact of the storm in a presentation to be made Thursday to investor analysts. It was
posted on its website Wednesday.
Vice President for Investor Relations Jeffrey Kotkin said Wednesday it could be several months before regulators in
Connecticut, Massachusetts and New Hampshire decide how the costs will be paid and what the impact could be on ratepayers.
He said customers already pay for storm cleanup, but Irene’s destruction was more extensive than in previous storms.
About 800,000 customers of Northeast Utilities, mostly in Connecticut, lost service at the peak of the Aug. 28 storm– the most ever for the utility.
(Copyright 2011 by The Associated Press. All Rights Reserved.)