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Tuesday, November 29, 2011

NU Creates $30 million Storm Fund

By Mark Pazniokas


Northeast Utilities today announced $30 million in rebates for the 230,000 customers left in the dark for at least a week after the Oct. 29 snowstorm, triple the original offer made three weeks to cope with a public-relations disaster.

At the suggestion of Gov. Dannel P. Malloy, the rebate program will be overseen by Kenneth R. Feinberg, the lawyer who administered the victim compensenation funds established after the 9-11 attacks and the BP oil spill in the Gulf of Mexico.

Eligible customers who file claims by Jan. 31 will receive a minimum of $100 and a maximum of $200, depending on how many claims are filed.

The initial effort would have provided an average of just $43, if reserved for the hardest-hit customers of its embattled subsidiary, Connecticut Light & Power. It was criticized by customers and received tepidly by Malloy, who had pointedly dismissed the $10 million as a first step.

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Posted 11/29/11 at 08:09 PM  Permalink


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Trim the trees!

Posted by Liza Pantschenko on November 30, 2011 at 01:23 AM | #