PSNH reverses prediction, proposes rate cut
Residential customers of Public Service of New Hampshire would see their monthly electric bills drop slightly — not rise as earlier forecasted — starting July 1 if regulators approve.
An average PSNH residential customer using 500 kilowatt hours of energy would see the monthly bill cut by 31 cents a month — less than 1 percent — to $91.68 if the state Public Utilities Commission approves the rate request, the utility said Monday.
But that did not factor in $6.3 million in proceeds from the state for the sale of carbon emission allowances or $14.4 million PSNH received in refunds for decommissioning costs for several retired nuclear power plants.
The energy charge “is a requested increase because of the higher forecasted energy cost for the coming year and winter as well as for this past winter,” Murray said.
PSNH, the state’s largest electric utility, serves more than 500,000 homes and businesses in 211 cities and towns.
North American Power, which has about 40,000 New Hampshire electric customers, declined to specifically address the PSNH rate proposal.
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