Conn. Regulator Aims To Review Utility Merger

Law360, New York (January 5, 2012, 4:17 PM EST) -- A Connecticut utility regulator changed course Wednesday and concluded that it has jurisdiction to review and approve a proposed $4.3 billion merger between Northeast Utilities System and Nstar Electric Co. to protect customers in the state.

The draft decision from the Connecticut Public Utilities Regulatory Authority reverses a June 1 finding that it didn't have to approve the merger, which would create one of the nation's largest utilities. Connecticut's Office of Consumer Counsel appealed that ruling, and PURA on Wednesday cited new information from the OCC...
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.