- Associated Press - Thursday, January 8, 2015

BOSTON (AP) - Electric and natural gas utility NStar has agreed to refund its customers almost $45 million for overcharges on capital improvements, pension expenses, and energy efficiency programs.

The agreement announced Wednesday resolves 11 cases before Massachusetts utilities regulators.

The state attorney general’s office says the utility collected the surcharges, but no timely reviews were conducted to determine whether they were excessive.

The settlement is subject to approval by the state Department of Public Utilities by an agreed upon deadline of March 2.

Customers should see rate reductions on their bills after the settlement is approved.

The exact amount coming back to each customer has not been determined.

NStar has 1.1 million electric customers and 300,000 gas customers in Massachusetts.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide