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Tougher standards urged for utility merger  

Credit:  By Erin Ailworth, Globe Staff, www.boston.com 8 January 2011 ~~

The Massachusetts Department of Energy Resources is asking state public utility regulators to raise the standard for approving a proposed merger between Boston’s NStar and Connecticut-based Northeast Utilities by requiring the proposed combination to advance the state’s alternative energy goals.

The utilities unveiled the proposed merger in October, saying the consolidation would create a $17.5 billion energy company better positioned to bargain for cheaper sources of electricity and natural gas. The merger is being reviewed by the state Department of Public Utilities, which scrutinizes such deals to make sure they cause “no net harm’’ to the public.

But given increased attention to environmental issues, increasing energy prices, and the economy, energy resources officials said in a recent filing that utility regulators should require the proposed merger to result in a “substantial net benefit’’ for customers, and contribute to reducing greenhouse gas emissions and increasing renewable energy sources, such as wind and solar.

“We should look at the goals of the state and the environment and make sure that this advances the public cause,’’ said Phil Giudice, commissioner of the energy resources department.

Source:  By Erin Ailworth, Globe Staff, www.boston.com 8 January 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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