PSNH Requests Rate Reductions


PSNH Requests Rate Reductions
July Rates Estimate Filed
MANCHESTER, N.H., May 2, 2013 — Public Service of New Hampshire customers are expected to see a reduction in rates beginning July 1st. As part of preliminary rate forecasts filed this week with State regulators, the company anticipates an overall decrease in rates for all customers.

Customers purchasing energy from PSNH would see an average overall rate reduction of about 4.3 percent, if the figures in the preliminary filings go into effect. Customers purchasing energy from a supplier other than PSNH would see an average overall rate reduction of about 2.7 percent on the PSNH side of their monthly bill.

The company is requesting an Energy Service rate reduction to 8.98 cents per kilowatt hour (kWh) from the current 9.54 cents/kWh, a decrease in the Stranded Cost Recovery Charge, and an increase in the Distribution Charge. The rate forecasts will be updated with then-current numbers in future filings to the NH Public Utilities Commission, which is expected to hold hearings in the month of June.

The Energy Service Charge is expected to be reduced July 1st as a result of modifications imposed by the Public Utilities Commission to the state’s Renewable Portfolio Standard (RPS) and a change by the Legislature regarding the Regional Greenhouse Gas Initiative (RGGI). The changes will result in some lower RPS costs and RGGI-related refunds to customers. In addition, the continued efficient operation of the company’s generators during the 1st quarter of 2013 saved PSNH customers more than $45 million, compared to the market price of energy during the period. The company’s energy rate is set by state regulators at PSNH’s actual cost of producing or purchasing the energy necessary to meet customer demand.

PSNH’s average Stranded Cost Recovery Charge is expected to be cut almost in half as a result of the expiration of some contracts with small, New Hampshire-based independent power producers, as well as the final payoff of bonds purchased 12 years ago as part of the electric utility restructuring settlement between PSNH and the State.

Those reductions are expected to offset an increase in the company’s Distribution Charge that was agreed to as part of an existing rate settlement that is in effect until the middle of 2015. Besides the scheduled adjustment, the company is also asking to increase its Storm Reserve Fund, to cover costs associated with major storms that have occurred since 2011.

Public Service of New Hampshire, a Northeast Utilities company (NYSE:NU), is New Hampshire’s largest electric utility, serving more than 500,000 homes and businesses in 211 cities and towns. For more information, please visit or, and follow us on Twitter and Facebook.
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Teens Robbed of I-pod/Cell Phone


MANCHESTER, NH- On Monday, February 11, 2013, at about 6:30 PM, Manchester Police responded to a Clay Street address for a report of a robbery.  On arrival, they met with two 16 year old Manchester teens who reported they had been the victims of a robbery a short time earlier on Somerville Street, near Belmont Street.


According to the boys, they were walking in the area when they were approached by two men, one of whom demanded their belongings, indicating his companion had a gun, although no gun was observed.


One of the boys surrendered his I-pod Nano and Galaxy S3 cell phone and the men left.  They were last seen leaving the area as passengers in an older, dark colored 4-door sedan operated by a third individual who was possibly wearing a red sweatshirt.


The first suspect was described as a white male in his forties, about 6’3” tall with a slender build and dark “stubble” on his face.  He was last seen wearing a dark colored vest and a green “beanie” style hat.  The second man, alleged to have possessed a gun, was described as a clean-shaven white male in his forties with an average height and build.  He was last seen wearing a camouflage shirt and khaki pants.


Anyone with information about this incident is encouraged to contact the Manchester Police Department at 668-8711.  Anonymous tips for cash rewards can be made through Manchester Crimeline at 624-4040 or online at