WMECo Requests Delivery Rate Increase
Infrastructure Investments Needed to Ensure Reliability
SPRINGFIELD, Mass., July 16, 2010 – Western Massachusetts Electric Company (WMECo) today filed an application with the Massachusetts Department of Public Utilities (DPU) requesting an increase in electric distribution rates which would become effective February 1, 2011.
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If approved as filed, residential customers using 600 kWh a month would see an increase in their monthly bill of approximately $7.50, or about eight percent. On average, business customers would see bill increases ranging from one percent to six percent, depending on load and usage.
The WMECo request seeks a $28 million adjustment to revenues and other changes that will enable the Company to continue making needed investments in the electric system to preserve the high levels of reliability customers expect and deserve.
“We are very cognizant of the effect of increasing electric rates on our customers and have worked hard to moderate the amount we are seeking. There is never a good time to ask for a rate increase, but with this filing we feel we have achieved a reasonable balance between the investments we need to make in our system and the effect on customer bills,” said Peter J. Clarke, WMECo president and chief operating officer.
“Our customers have increasing expectations for safe, reliable delivery of electricity. We have reached the point where we can no longer satisfy those expectations in a climate of declining sales and increasing demands on the delivery system, unless we increase our investment in our infrastructure,” Clarke said.
|Western Massachusetts Electric Company, part of the Northeast Utilities System (NYSE:NU), serves approximately 200,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. |