Northeast Utilities (NU) and NSTAR have reached a comprehensive merger-related agreement with the Connecticut attorney general and the Office of Consumer Counsel (OCC), moving them a step closer to completion of the merger.
In part, the agreement calls for a one-time, $25 million rate credit and the freezing of base distribution rates until December 1, 2014, as well as the investment of another $15 million to fund energy-efficiency programs for low-income customers and projects associated with the development of electric vehicle infrastructure, microgrids and renewable energy.
