After saying a year ago they would not review the merger between Northeast Utilities and NSTAR, the Bay State natural gas utility, state valium no prescription have decided to conduct a formal review. There has been speculation that the review at this late date could serve to power down the deal itself. cheap ambien has more than. buy valium.1 million valium generic and 300,000 gas customers in greater Boston. The acquisition will have visit us huge impact on NU, which itself has 1.8 million customers.
We’ve never been thrilled with utility regulation in Connecticut, but the question needs to be asked: why is the Connecticut Public Utilities Regulatory Authority acting so late?
The SEC has already approved the merger, as has the Nuclear Regulatory Commission. But the answer to the timing may be more about power politics rather than consumer concerns. NU’s CL&P subsidiary has become the state’s No. 1 whipping boy for not doing a better job in response to the October snowstorm. And in the era of “too big to fail” and Occupy Wall Street — look out, Mr. Big Stuff.
The New York Times cites what may be another reason for the review, NSTAR executives will make a bundle on the deal.
The response to the storm and executive compensation should not be the drivers here. The electric utility industry in Connecticut is already heavily regulated and in the wake of deregulation the companies need to find long-term strategies to keep them strong and growing.
We’re already seeing the benefits of UI’s entry into the natural gas business, with new programs and financing to help consumers switch to lower-cost gas. Regulators should pay attention to the real needs of consumers and not be driven by the angers of the day.
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