Home About Archives RSS Feed

WMECo Asking For 8% Rate Increase

Staff Reports

SPRINGFIELD, Mass. — Western Massachusetts Electric Co. filed an application on Friday with the Massachusetts Department of Public Utilities requesting an increase in electric distribution rates which would become effective Feb. 1, 2011. 

If approved as filed, residential customers using 600 kilwatt-hours a month would see an increase in their monthly bill of approximately $7.50, or about 8 percent. On average, business customers would see bill increases ranging from 1 percent to 6 percent, depending on load and usage. 

The WMECo request seeks a $28 million adjustment to revenues and other changes that will enable the company to continue making needed investments in the electric system to preserve the high levels of reliability customers expect and deserve, according to a company statement.

"We are very cognizant of the effect of increasing electric rates on our customers and have worked hard to moderate the amount we are seeking. There is never a good time to ask for a rate increase, but with this filing we feel we have achieved a reasonable balance between the investments we need to make in our system and the effect on customer bills," said Peter J. Clarke, WMECo president and chief operating officer.

"Our customers have increasing expectations for safe, reliable delivery of electricity. We have reached the point where we can no longer satisfy those expectations in a climate of declining sales and increasing demands on the delivery system, unless we increase our investment in our infrastructure," Clarke continued.

WMECo actually reduced its rates beginning July 1 in response to lower fuel prices. While the overall cost went down, delivery charges increased. The residential rate was set at 7.647 cents per kWh.

0 Comments
Tags: WMECo      

Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
Berkshire Community College Celebrates 60th Year With Video Ceremony
Pittsfield Mobile Home Board Oks Rent Increase for Allendale Pines
Local, State Police Arrest Four, Seize Drugs, Cash & Firearms
Northern Berkshire United Way Sets Fundraising Goal for 2020-21
BFAIR Listed as Donation Organization on Amazon
Jewish Women's Foundation of the Berkshires Awards New Grants
Williamstown Planning Board, Ag Commission Work on Cannabis Production Bylaw
Carr Hardware Donates PPE to Berkshire Schools
Berkshire Community College To Celebrate 60th Anniversary Virtually
Gastroenterologist Joins BMC Practice: Accepting New Patients

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Flood Adams Jobs Auction Qualprint Excelsior Wmeco Baldwin Store Opening Talkberkshires Berkshire Enterprises Bj's Walmart Statistics Gas Prices Pittsfield Berkshire Chamber Of Commerce Breakfast Social Media Sabic Crane & Co. Small Business Unemployment Berkshire Creative State Merger Berkshire Living Unemployment Great Barrington Williamstown Sales Tax North Adams Statistics Expansion Currency
Popular Entries:
Excelsior Brings Greeting Card Co. To North Adams
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Williamstown Chamber Seeks Input on Future Role
Aladco Installs New 'Green' Washing Machine
Storey Publishing to Host Next Creative Challenge
New Dog Training Center Open in North Adams
Carbone Dealership Empties Lot
White Hart Inn For Sale for $5M
Real Estate Panel to Tour S. County, Pittsfield Sites
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move