Meeting Scheduled to Discuss Eversource Rate Hike

Attorney General Maura Healy urged the Department of Public Utilities to reject Eversource’s request to increase electric rates in her Testimony last week.

1.4 million Eversource customers would see their rates rise by more than $96 million next year, and an additional $50 million annually for the next four years.

Healy told the DPU in her testimony, “when so many customers are struggling to make ends meet and businesses are trying to lower their energy costs to maintain and grow jobs, it’s time to return money to customers, not to raise their electric bills to benefit highly profitable utility companies.”

She further challenged the need for Eversource’s rate increase, noting NSTAR Electric's and Western Massachusetts Electric Company’s high returns over the last few years; NSTAR saw a return of more than 13 percent in 2015.

Cape residents and business owners can attend a public hearing in Barnstable on April 3rd to voice opinions on the proposed rate increase.

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