Lawmakers in Massachusetts recently moved to prevent utilities from charging ratepayers a fee to build new natural gas pipelines, according to an article on MassLive.com.
The Massachusetts Senate recently amended a comprehensive energy bill in an effort to protect consumers from being saddled with excessive, ongoing costs shifted to them by pipeline companies that want to build for-profit pipelines without assuming the financial risk. “Massachusetts ratepayers should not be subsidizing the corporate bottom line,” said State Sen. Pat Jehlen, D-Somerville.
“Environmental groups cheered the move,” the article states. “George Bachrach, president of the Environmental League of Massachusetts, said utilities already get a return on their investment when they build natural gas pipelines, and increasing that profit is ‘a somewhat greedy move by the utilities to get additional revenue from the ratepayers.’
“Joel Wool of Clean Water Action said, ‘The idea of subsidizing fracked-gas pipelines at ratepayers' expense runs counter to our environmental goals and has no clear benefit to Massachusetts electric customers.’”
To read the MassLive.com article, click here.