Loading...
Loading...
NSTAR
NST and Northeast Utilities
NU have reached separate,
comprehensive merger-related agreements with both the Massachusetts Department
of Energy Resources (DOER) and the Massachusetts Attorney General (
AG) that
will guarantee substantial customer and environmental benefits, while allowing
the utilities' merger to proceed. The settlement agreements both call for a
one-time $21 million rate credit to be directed to customers of NSTAR
Electric, NSTAR Gas and Western Massachusetts Electric Company (WMECo). Base
distribution rates for the utilities would then be frozen until 2016.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in