A rare October snow storm that caused record-breaking power outages could lead to increased electricity costs in Connecticut, where residents who endured days in the dark and cold already pay higher rates than any other state in the continental United States.
The parent company of Connecticut’s largest electric utility is offering $10 million to establish a fund to help residential customers who experienced losses because of a rare October snowstorm.
Massachusetts Attorney General Martha Coakley has asked state utility regulators to either impose a five-year rate freeze or credit electricity and natural gas customers more than $300 million in estimated savings as a condition of approving the proposed merger of NStar and Northeast Utilities.
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.
A utility workers union has announced its support of a recent motion filed by Massachusetts officials seeking a delay in the proposed merger between Boston-based NStar and Connecticut-based Northeast Utilities.
Utiities say delay could kill deal
Gov. Deval Patrick’s administration has asked state utility regulators to hold up on approval of Connecticut-based Northeast Utilities’ proposed $4.66 billion purchase of Boston-based NStar.
Connecticut regulators have declined to review Northeast Utilities’ proposed $4.81 billion purchase of a Massachusetts power company.
NEW BRITAIN, Conn. (AP) _ Several Connecticut officials want state regulators to review Northeast Utilities’ proposed $4.67 billion purchase of a Massachusetts power company. The state Department of Public Utility Control held a hearing Friday […]
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.