Mass. AG Opposes Natural Gas Rate Hike Request
Coakley says in her opposition to the rate hike request filed this week with the state the Department of Public Utilities that Columbia executive spends lavishly, including on the lease of corporate jets and retreats at luxury spas.
Coakley says the natural gas utility wants to “pass millions more in unwarranted costs on to Massachusetts ratepayers.”
She says Columbia has been transferring significant revenues from its operations to its public utility holding company, Indiana-based NiSource, Inc., and to other unregulated affiliates, artificially increasing claimed expenses.
Columbia — which has about 290,000 customers in the Springfield and Lawrence areas, as well as south of Boston — has defended the spending.