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Article: Bay State Gas Receives Regulatory Approval for Unique Two-Year Rate Plan.
- Article from:
- Business Wire
- Article date:
- January 9, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Westborough, Mass.--(BUSINESS WIRE)--Jan. 9, 1998--
Company, Government Agencies, and Union Collaborate on
Innovative Plan
Bay State Gas Company (NYSE: BGC) recently received approval from the Massachusetts Department of Telecommunications and Energy (formerly the Department of Public Utilities) for new rates associated with a unique "two-year rate plan," which is a price-cap incentive rate mechanism. The plan was developed through a settlement process involving the Massachusetts Attorney General's Office, the Massachusetts Division of Energy Resources, and Local 273 of the Utility Workers Union of America.
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