BREAKING: Massachusetts Attorney General Andrea Joy Campbell has just announced a landmark $45 million settlement with Eversource Energy designed to provide immediate relief for electric and gas ratepayers across the state. This urgent agreement addresses 16 longstanding docket matters, some dating back over a decade, including critical issues related to vegetation management and pension costs.
The settlement is set to lower bills for consumers significantly. Specifically, NSTAR Electric customers will benefit from a $20 million rate credit, while customers of Eversource Gas of Massachusetts are expected to see over $25 million in annual savings as rates are adjusted following Eversource’s acquisition of Columbia Gas of Massachusetts.
AG Campbell emphasized her commitment to affordability, stating, “Affordability and consumer protection are at the forefront of our work.” She also acknowledged the collaborative efforts of the Department of Public Utilities in securing this financial relief for Massachusetts residents.
The settlement details reveal additional benefits for consumers. The Resiliency Tree Work (RTW) program, which aimed to enhance grid reliability, had billing discrepancies that AG Campbell’s team challenged. As a result, $2.5 million in customer credits will be distributed over 12 months, starting January 1, 2026.
Moreover, for pension-related savings, Eversource will credit $17.5 million to consumers over the same period, addressing issues linked to the Pension Adjustment Factor. This settlement also ensures that ratepayers of Eversource Gas of Massachusetts will enjoy $25.7 million in annual benefits for the next decade, stemming from operational synergies negotiated by AG Campbell’s office.
This comprehensive settlement not only resolves complex financial matters but also illustrates the AG’s dedication to protecting consumers from excessive costs. Furthermore, her office successfully secured $32 million in savings for National Grid Electric ratepayers by effectively contesting additional funding requests for an electric vehicle program.
The implications of this settlement are profound, providing much-needed financial relief for thousands of households in Massachusetts. Consumers can expect to see adjustments reflected in their utility bills soon. As this developing story unfolds, residents and stakeholders are urged to stay informed and engaged.
As the situation evolves, further updates will be provided regarding the implementation of these savings and what additional measures may be taken to ensure consumer protection in the energy sector.
