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Posted April 26. 2018 1:53PM

PSNH packages what's owed under NH restructuring mandate into security to raise $636M sooner than later

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The utility is in the process of auctioning off its 15 fossil fuel and hydroelectric power plants in order to comply with a state law stripping it of its monopoly on generation. Its regulator has authorized a restructuring charge on electricity customers designed to recoup the portion of past investments in the plant that it is not expected to recovery under competitive market rates for electricity.