Massachusetts customers of New Haven utility UIL Holdings Corp. will receive $4 million in credits, under an agreement negotiated by state regulators with the utility and its would-be acquirer, Iberdrola.
Connecticut officials inked their own agreement with UIL and Iberdrola last month. The deal includes $84 million in credits and payments, the creation of 150 jobs, and the environmental cleanup of New Haven’s English Station power plant.
In Massachusetts, UIL subsidiary Berkshire Gas’s 39,000 customers will receive approximately $100 direct bill credits over two heating seasons. Berkshire is also prohibited from increasing rates before June 2018.
