electric companies

New England News
2:41 pm
Fri August 9, 2013

Judge's Ruling Would Decrease New England Electric Costs

A federal judge's ruling following a complaint from the Mass. Attorney General says profits rates should decrease on transmission projects for electric companies.
Credit Federal Energy Regulatory Commission

Electric customers in Massachusetts may see lower rates in the future.

A ruling by Administrative Law Judge Michael Cianci would reduce the allowed profit on New England transmission projects from more than 11 percent to 9.7 percent. The ruling is a result of a 2011 complaint from the Massachusetts Attorney General’s Office to the Federal Energy Regulatory Commission. Attorney General Martha Coakley says the ruling could save Massachusetts customers $50 million. 

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