Eversource wants rate hike to cover infrastructure upgrades
Eversource says electric rates need to be increased to recoup the costs of infrastructure upgrades over the past decade.
New Hampshire Public reports that the rate review process started Friday with a formal request to the Public Utilities Commission.
The request would increase the portion of consumer bills that accounts for distribution. That's about 30 percent of consumers' bills.
An initial rate hike, if approved, would add about $3.50 a month to the average residential user's bill.
Eversource says it's invested around a billion dollars in infrastructure over the past 10 years when the rate was last adjusted.
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