Liberty Utilities Asks To Raise N.H. Rates
Salem — Granite State residents of the Upper Valley could see their electric bills tick up this summer, as Liberty Utilities is seeking to increase its rates by about $13 for the typical residential customer.
The towns of Canaan, Charlestown, Cornish, Enfield, Grafton, Hanover, Lebanon, Lyme, Orange and Plainfield are all served by Liberty Utilities.
The company has said it is seeking to raise $15.4 million more in annual revenues, an 18 percent increase in total operating revenues, in order to cover the cost of infrastructure improvements, insurance, general operating costs, and property tax increases.
“We have worked diligently to keep distribution rates low. Unfortunately, they do not provide sufficient revenue to allow the company to recover its costs, invest in necessary capital expenditures and conduct the higher level of storm recovery preparation that is required today,” said William T. Sherry, Vice President, Customer Care for Liberty Utilities in a news release.
A company spokesperson said that the utility outfit’s property taxes have doubled in the last five years. If the New Hampshire Public Utilities Commission approves the company’s request, the new rates would go into effect on July 1.
According to a company news release, Liberty Utilities last raised its rates in 1996.