Eversource settlement means $45 mil in gas, electric customer savings
Eversource will return $45 million to customers following a settlement with the Attorney General over disputed charges and merger costs.Summary
Attorney General Andrea Campbell secured a $45 million settlement with Eversource, resolving a years-long dispute over charges and costs related to its 2020 acquisition of Columbia Gas of Massachusetts. The agreement, approved by the Department of Public Utilities, closes 16 cases dating back to 2011, addressing concerns about vegetation management, pension costs, and merger-related expenses. NSTAR Electric customers will receive approximately $20 million in credits starting January 1, 2026, while Eversource Gas of Massachusetts customers are projected to save over $25 million annually after rate adjustments. The settlement also ensures that operating efficiencies gained since the Columbia Gas merger will benefit customers. Attorney General Campbell emphasized her commitment to protecting ratepayers and ensuring affordability, especially with rising energy costs, and applauded the DPU’s role in the agreement. This action follows the DPU’s recent rejection of most of Eversource’s proposed winter gas rate increase, further saving customers money.
(Source：Wcvb)