Mass. Senate Passes Bill Targeting Energy Costs, Renewables

Law360, New York (April 6, 2012, 4:43 PM EDT) -- The Massachusetts Senate unanimously passed a bill Thursday designed to control rising energy costs and promote green energy development in the state by capping electric rate increases and requiring utility companies to buy more power from renewable sources.

The bill will now move to the state House of Representatives. It would require the state's Department of Public Utilities to review electric and natural gas utility rates every three years and limit those rate increases to no more than 7.5 percent in one year. Proponents say it...
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