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Norwood light department reports steady electric rates, outlines broadband rollout and infrastructure projects
Summary
Norwood light department officials updated the Board of Selectmen on electric-system projects, a planned landfill solar field, transmission and cable replacement work, and a phased soft launch for the town’s Northern Light broadband service including pricing.
Kevin Shaughnessy, superintendent of the Light Department, told the Board of Selectmen on June 24 that the department is holding electric rates steady and has no plans to raise them this year, while flagging rising transmission and energy costs and renewable procurement requirements as pressures on future budgets.
Shaughnessy said the utility’s credit metrics have improved in recent years and reported a stable S&P outlook. “We haven’t raised them. ... We have no plan to do so,” he said, describing recent debt reductions and improved liquidity.
Why it matters: The Light Department manages electricity distribution for the town and sets rates that affect residents and businesses. The department’s capital and replacement projects — including a planned solar field on a landfill, a major underground cable replacement, pole replacements and substation work — affect reliability and future borrowing and operating costs.
Key projects and…
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