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Healey Demands Immediate Utility Refunds for Mass. Residents
Healey said 1.5 billion dollars in refunds should reach Massachusetts ratepayers before winter bills rise.
On Tuesday, Massachusetts Governor Maura Healey demanded that Eversource, National Grid, and Unitil "immediately" issue refunds to Bay State customers who paid "transmission rates with an excessive return on equity for more than a decade."
The governor's call stems from a Federal Energy Regulatory Commission decision in March, which reduced allowable investment profits and initially set a 30-day refund deadline before extending it to May 20, 2027.
Roughly $1.5 billion is owed to New England ratepayers, though spokespeople for the utilities suggested they do not intend to match the urgency Healey expressed in her letter.
With the election three weeks away, Healey faces a second debate against Republican gubernatorial challenger Mike Minogue on Thursday, who proposes slashing state-mandated energy utility fees.
Eversource spokesperson William Hinkle described the refund timeline as an "incredibly complex, labor-intensive process," while National Grid plans to begin processing payments in 2027, ahead of FERC's May deadline.
Governor Maura Healey asked Eversource, National Grid and Unitil to return to Massachusetts customers their share of $1.5 billion in excessive charges, without waiting for the federal deadline of May 2027.