Did PSNH hold $100,000 in PNE customer money?
As a result, the commission has directed its staff to conduct an investigation and report on the matter on or before Sept. 30. PSNH and PNE will then have until Oct. 15 to respond, after which the commission will decide whether or not to hold oral arguments in the case.
Gus Fromuth, managing partner at PNE, said the utility actually collected $250,000 in energy supply payments from PNE’s 8,500 customers in the two-week period, and initially held back the entire amount. “They returned $150,000 after we threatened legal action,” he said.
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