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Former PNE Energy customers to get a check for $9.50 if PUC approves

March 27. 2013 3:08PM

CONCORD - Former customers of PNE Energy Supply who found themselves back with PSNH after the competitive energy supplier ran into financial problems earlier in the year will each get a single payment of $9.50, if a settlement between PNE and the Public Utilities Commission staff is approved by the three-member commission.

If consumers accept the $9.50, they would waive any claim against PNE for damages resulting from the confusion over their electric supply that started in February and in some cases still persists. PNE would be able to continue as a competitive electric power supplier, and along with its broker, Resident Power, would face no further penalties or sanctions from the PUC.

PSNH said the proposal "falls woefully short in many areas," and the PUC's own consumer advocate called for larger compensation to customers at a hearing before the regulatory agency on Wednesday.

Speaking on behalf of the PUC staff, attorney Alexander Speidel recommended approval, saying the deal offers a fair resolution to the matter and "provides useful information and useful lessons that will inform our rule-making an policy-making going forward."

Business New Hampshire