Mass. regulators approve utilities' renewables plan

04/2/2013 | SNL Financial (free content)

A group of utilities in Massachusetts received approval from state regulators to proceed with a renewable-energy solicitation plan that includes an accelerated timetable. Under the plan, the utilities would seek bids for renewable energy equal to about 1.8% of their annual load for 10 to 20 years, and the review period would be shortened by one month. The approval "should make it absolutely clear to developers of renewable energy that Massachusetts intends to move forward quickly" so projects can qualify for the wind-energy Production Tax Credit, said Ann Berwick, chairwoman of the state Department of Public Utilities.

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