Local News

Agreement Provides $25 Million Credit To Connecticut Consumers After NU-NStar Merger

View Comments
(Darren McCollester/Getty Images News)

(Darren McCollester/Getty Images News)

By Stephen Singer, AP Business Writer

HARTFORD, Conn. (AP) _ Connecticut utility customers will get a $25 million credit after Northeast Utilities’ purchase of NStar is approved by the state.

Northeast Utilities, NStar and Connecticut officials announced a settlement agreement Tuesday spelling out the terms of the state’s approval of NU’s $4.9 billion purchase of NStar.

Other points in the agreement include advancing state energy goals and requiring NU to maintain subsidiary offices in Connecticut.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

View Comments
blog comments powered by Disqus

Get every new post delivered to your Inbox.

Join 1,407 other followers