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Healey announces plan to use Citizens Energy model to reinvest transmission profits to lower bills
Summary
Gov. Maura Healey announced a legislative push and a partnership with Citizens Energy to let investors return profits from transmission and distribution projects to local ratepayers as a way to reduce electricity costs; she cited prior statewide rebate work and a proposal projecting about $13 billion in additional cost reductions.
Governor Maura Healey announced a plan in Springfield to use a financing model pioneered by nonprofit Citizens Energy to lower residents’ electricity bills by reinvesting profits from transmission and distribution projects back into local communities.
Healey, joined by Lieutenant Governor Kim Driscoll and Citizens Energy President Joe Kennedy at the Ray Jordan Center, said she has filed legislation intended to remove “unnecessary extra charges” from electric bills and allow organizations to invest in delivery infrastructure so some profits can be returned to ratepayers. “We launched a whole energy affordability agenda, making energy less expensive,” Healey said. “We saved people across Massachusetts about $6,000,000,000. . . . I filed a major piece of legislation. I'm working with all these gentlemen here to get it done to further lower our cost by $13,000,000,000.”
The proposal would build…
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