Sep 25, 2015 1:04 PM
Selling power plants may not be settled with PUC decision
The Associated Press
CONCORD — Several hurdles remain before a final decision on whether to sell a utility's fleet of power plants.
Even after the state's Public Utilities Commission makes its determination — possibly by the end of December — legal fights could follow over a deal that paved the way for Eversource to sells nine hydro and three fossil fuel plants.
In March, the state's largest utility announced a deal to sell the plants, saying it would save ratepayers $378 million.
This week, testimony from PUC staff disputed the cost savings and said divestiture would actually cost ratepayers more. The staff report also said the March deal unfairly hits residential ratepayers. The staff recommended waiting five years to sell the plants.
That testimony countered a 2014 PUC staff recommendation that supported selling the plants.