Gatsas requests a “reset and re-look” in response to Eversource request for a rate hike

Gatsas requests a “reset and re-look” in response to Eversource request for a rate hike

Manchester, NH – Today Republican Gubernatorial Candidate and Manchester Mayor Ted Gatsas weighed in on the Union Leader report that Eversource, the state’s largest electric utility, is requesting a rate hike for its customers this summer.

Read the NH Union Leader Article here:
Eversource eyes hike in energy charge, By Dave Solomon

Ted Gatsas released the following statement:

“We need to officially pause the divestiture of Eversource power plants in New Hampshire. Last fall, the Public Utilities Commission requested a minimum five-year halt so issues regarding electric rates could be worked out. While they’ve seemingly changed their minds, I have not.

Whether it’s a five-year delay, or more, Governor Hassan needs to immediately implement an official pause on the divestiture process. This is costing the ratepayers an exorbitant amount of money and the current situation is untenable. While other electric utilities may be reducing rates as the summer approaches, Eversource is requesting an increase.

Many years ago the legislature directed Eversource (then PSNH) to invest a half-billion dollars at Merrimack Station in Bow for pollution control equipment so they could continue to generate power at the plant. Once installed the legislature then moved forward with divestiture and they were told they had to sell the plant.

Ratepayers continue to pay for the mandate, but ironically electricity is not being generated with any consistency from the plant to ensure stability in rates. Instead Eversource, owner of the only remaining regulated generation in NH, must buy energy in the marketplace while continuing to tack on the costs of the equipment at an idle plant.

The PUC and the Governor should be increasingly wary of leaving NH residents, businesses and municipalities at the mercy of outsourced, unregulated energy and increasingly volatile prices. Before the PUC moves forward with the divestiture process we must have guarantees in place to ensure stability in our electric rates. For the benefit of all Granite Staters it’s time for a reset and a re-look.”