April 18, 2008
Coakley Opposes Gas Rate Hike
Massachusetts Attorney General Martha Coakley's office has asked the Department of Public Utilities to reject a petition by Bay State Gas Co. to increase the company's rates.
The proposed increase would raise the gas distribution change for the average residential customer by more than 5 percent, Coakley's office said. The total proposed increase is $7.5 million.
The attorney general's office said Bay State, a subsidiary of Indiana-based NiSource Inc. that sells gas to about 285,000 customers in Massachusetts, earned an 8.26 rate of return in 2007.
The proposed increase would raise the gas distribution change for the average residential customer by more than 5 percent, Coakley's office said. The total proposed increase is $7.5 million.
The attorney general's office said Bay State, a subsidiary of Indiana-based NiSource Inc. that sells gas to about 285,000 customers in Massachusetts, earned an 8.26 rate of return in 2007.
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