Eversource Rate Hike to Go Toward New Grid, Energy Storage, and EV Projects
In a complex rate proceeding for two now-merged electric distribution utilities, the Massachusetts Department of Public Utilities (DPU) has determined that neither had proven a need for the full amount of rate relief sought, despite the passage of time since their last base rate cases. Consequently, the department ruled that out of the $56.1 million in additional revenues requested by NSTAR Electric Company, the utility should receive an increase of only $12.24 million.
