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State officials approve electricity deregulation plan
? 09/05/2000 Associated Press Newswires Copyright 2000. The Associated Press. All Rights Reserved. ? ? CONCORD, N.H. (AP) - Most state residents will see a 5 percent drop in electricity rates next month, the first step toward a 15.5 percent decrease, under a plan approved Tuesday by state utility regulators. The Public Utilities Commission hasn't yet issued a written order, but voted unanimously to approve an amended plan that conforms with the wide-ranging deregulation bill the Legislature passed this year. ? Public Service Company President Gary Long said if there are no appeals, and no problems in the details of the written order, customers should be seeing a 16 percent rate drop by the end of the year. Part of that reduction will be a 5 percent cut by Oct. 1. Most New Hampshire homeowners would save about $13 off a typical monthly electric bill under a 15.5 percent rate decrease. Granite State Electric and the New Hampshire Electric Cooperative already have restructured themselves to allow their combined 100,000 customers to buy power from other companies.
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