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.
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