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MASSACHUSETTS ELECTRIC COMPANY FILES 4.8 PERCENT RATE INCREASE

 MASSACHUSETTS ELECTRIC COMPANY FILES 4.8 PERCENT RATE INCREASE
 WESTBOROUGH, Mass., March 13 /PRNewswire/ -- Massachusetts Electric Company today filed a 4.8 percent rate increase request with the Massachusetts Department of Public Utilities (DPU) to recover the increased costs of providing electricity to its customers. The proposed rate increase represents a $66 million increase in the utility's annual revenues. If approved by the DPU, the increase would be effective on Oct. 1, 1992 and increase the bill of a typical residential customer who uses 500 kilowatthours of electricity per month by $2.06.
 Specifically, the rate increase request covers the inflationary costs related to operations and maintenance expenses. It also covers the costs associated with new requirements, which provide that Mass. Electric must recognize costs associated with post-retirement health care benefits when incurred.
 The increase has been limited by various productivity improvements that have produced a four percent work force reduction by Mass. Electric. As a result of these efficiency improvements and Mass. Electric's continuing attention to cost control, the company has maintained the lowest rates among the major utilities in Massachusetts. Today's filing should not affect that position.
 Mass. Electric serves more than 906,000 customers in 146 communities across the commonwealth.
 -0- 3/13/92
 /CONTACT: Christine Baratta of Massachusetts Electric, 508-366-9011 (days) or 617-498-9880 (evenings)/
 (NES) CO: Massachusetts Electric; New England Electric System ST: Massachusetts IN: UTI SU:


EG-TM -- NE007 -- 7931 03/13/92 16:13 EST
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Publication:PR Newswire
Date:Mar 13, 1992
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