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Federal Electricity Pricing Policy May Hike Rates for New England Customers.
Knight Ridder/Tribune Business News, July, 2003
By Peter J. Howe, The Boston Globe Knight Ridder/Tribune Business News
Jul. 2--New England consumers and businesses could be forced to pay tens or even hundreds of millions of dollars more for electricity this summer because of a new federal pricing policy, according to some state officials and energy market analysts.
With the region typically consuming $5 billion to $7 billion worth of electricity each year, the profits that electric generators could reap ultimately would cause noticeable future utility rate hikes for consumers and businesses, according to Synapse Energy Economics, a Cambridge consulting firm. Synapse was commissioned by officials in Connecticut, Maine, and New Hampshire to study the situation and made its report available...
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