Posts Tagged ‘ NStar ’

NStar OK’s top dollar deal with Cape Wind

Mar 31st, 2012 | By

Boston utility NStar has agreed to pay a starting price for power from the Cape Wind project that is substantially above the cost of conventional energy and will slightly increase the average customer’s monthly bill beginning the first year the offshore wind farm generates electricity, according to a 15-year contract filed with state regulators Friday.

[continue reading…]

PURA Set To Approve NU-NSTAR Merger; Esty comments

Mar 26th, 2012 | By

State utility regulators backed the Northeast Utilities-NSTAR merger in a preliminary decision Monday as expected, making it more likely the companies will meet a mid-April goal of closing the merger. The Connecticut Public Utilities Regulatory Authority endorsed the merger in a draft decision, following the announcement earlier this month that the two utilities had agreed

[continue reading…]

Connecticut Governor, Attorney General announce NU/NStar agreement; Open Space Preserved

Mar 13th, 2012 | By

Connecticut Fund for the Environment, an environmental non-profit that works to preserve air, land, and water quality in the state, is pleased with the agreement reached for the NU-NSTAR merger.

Don Strait, executive director of CFE said “the agreement appears to address our concerns regarding the acres of open space currently owned by NU by transferring some of the most precious parcels into a land trust. It also extends the Memorandum of Understanding for another 10 years, protecting the 8,500 acres of open space from sale for development.” Click on this environmental headline for more on this story.

CFE Urges us to ‘take action to protect 9,500 acres of open space’

Feb 17th, 2012 | By

While CFE does not oppose the merger, the organization is concerned because there is no guarantee that the agreement to protect the lands, called a Memorandum of Understanding (MOU), will remain in effect.

A Way Forward In The NU-NSTAR Deal

Feb 16th, 2012 | By

It seems almost anticlimactic now that Connecticut regulators have finally started holding hearings this week on the Northeast Utilities-NSTAR merger. Dan Haar of The Hartford Courant reports.

CFE seeks to intervene in merger between Northeast Utilities and NStar

Feb 7th, 2012 | By

Connecticut Fund for the Environment has submitted a request for intervention to the state Public Utilities Regulatory Authority (PURA) seeking to ensure that the 9,500 acres of valuable open space owned by Northeast Utilities in approximately 90 municipalities will be protected in the face of the proposed merger with NSTAR

PURA Establishes Docket, Sets Schedule for Review of Proposed NU/NSTAR Merger

Jan 22nd, 2012 | By

Final decision expected April 2. In response to an application from Northeast Utilities for approval of a merger with NSTAR, the Connecticut Public Utilities Regulatory Authority has established a docket and set a schedule for its review of this proposed transaction. Click on this environmental headline for more of this story.

Utilities merger: NU-NStar merger deserves scrutiny

Nov 14th, 2011 | By

The extended power outage that paralyzed and bewildered much of Connecticut for more than a week should cause the public and state leaders to turn their attention to the merger of Northeast Utilities and NStar.

Federal officials OK massive Northeast-NStar deal

Jul 7th, 2011 | By

Federal officials have approved Northeast Utilities’ proposed $4.66 billion purchase of a Massachusetts electric and gas utility, saying the massive deal will not hinder competition, increase rates or weaken regulation.

Proposed utility deal a big target in New England

Jan 24th, 2011 | By

Northeast Utilities’ proposed purchase of Nstar would give the company 3.5 million electric and gas customers in three states.

NU, NSTAR agree to $17.5 billion merger

Oct 19th, 2010 | By

Northeast Utilities and NSTAR have announced that both companies’ Boards of Trustees have unanimously approved a definitive merger agreement that will create one of the nation’s largest utilities, with a total enterprise value of $17.5 billion. The company will continue to be called Northeast Utilities.