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June 29. 2013 7:56PM

Power New England says PSNH owes it nearly $100k

A competitive electric power supplier says Public Service of New Hampshire has nearly $100,000 of its money and has appealed to the Public Utilities Commission to intervene.

The complaint filed with the PUC on June 21 is the latest fallout from the Feb. 20 default of Power New England, which caused thousands of customers to be transferred back to PSNH for electric supply. Power New England later worked out a settlement with the PUC that resulted in payments to those customers and restoration of PNE's status as a competitive electricity supply company.

But Public Service is holding on to most of the $100,000 collected from customers of Power New England in the weeks leading up to the default - a move that PNE says is designed to "exacerbate pressure on a competitor." goo.gl/Mr83N





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