Legal victory could save millions for electric consumers

Jun 18th, 2013 | By | Category: Business

A ruling in New Britain Superior Court last week found that the terms of a 2007 contract between Waterside Power LLC and the state’s Department of Energy and Environmental Protection calls for electric customers to pay at a lower rate than the company that owns a Stamford power plant, had sought. The 2007 contract at issue involved Waterside and Connecticut Light & Power.

For more on this story, visit: Legal victory could save millions for electric consumers – The Middletown Press : Serving Middletown, CT.

The 2007 contract related to how Waterside Power would hedge the Forward Capacity Market against price swings. The disagreement centered on interpretations of “Capacity Clearing Price” in the contract. Pending are two similar cases that, if also won, would save Connecticut ratepayers millions of dollars.

For more on this story, visit: OCC Wins Case Against Stamford Power Plant – Courant.com.

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