Raising The Bar For Mass. Utility Mergers

Law360, New York (March 22, 2011, 12:30 PM EDT) -- The Massachusetts Department of Public Utilities (MDPU) has adopted a new standard of review for mergers involving electric and gas utilities, or their holding companies, requiring a demonstration of net benefits and consideration of the impact of the merger on greenhouse gas emissions. Interlocutory Order on Standard of Review, D.P.U. 10-170 (March 10, 2011).

The new "net benefits" standard, issued in the proceeding considering the proposed merger between NSTAR and Northeast Utilities, replaces the "no net harm" test applied by the MDPU for over 60 years....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.