New Hampshire Senate
Concord, NH – A Settlement agreement was filed with the New Hampshire Public Utilities Commission (PUC) today that would allow Eversource (formerly PSNH) to sell off its power generating assets while lowering energy costs for customers who have remained with Eversource.
Senate Majority Leader Jeb Bradley (R-Wolfeboro) and Senator Dan Feltes (D-Concord) released the following statements after the filing.
“After months of regular discussions between various stakeholders, an agreement has been reached and a settlement was filed with the PUC that would require Eversource to sell off its remaining generating assets,” said Senate Majority Leader Jeb Bradley (R-Wolfeboro).
“New Hampshire ratepayers face some of the highest electric rates in the country and it was important to come to an agreement where customers who have remained Eversource Energy Customers would be protected from paying the full amount of stranded costs. We’ve achieved this balance and also provided rate stability for other Eversource customers throughout this transition,” continued Bradley.
“This bi-partisan, comprehensive settlement is likely to yield about $380 million in customer savings over the next five years, helping the Granite State economy. In moving to competition, the settlement protects and reasonably balances the interests of all Eversource ratepayers, of Eversource workers, and our communities,” said Senator Dan Feltes (D-Concord).
“Filing this settlement is a major step towards securing a positive and fair outcome that prepares New Hampshire for a more competitive energy future. We look forward to continuing our work on this matter, and we thank all of those who have worked hard to get us to this point,” added Feltes.