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Press Release

Freedom Energy Logistics Objects to PSNH Electricity Rate "Adder"

>PRWEB.COM Newswire

Manchester, NH (PRWEB) June 20, 2012

Just months after its Rate ADE (Alternative Default Energy) request was turned down by the New Hampshire PUC, PSNH returns to the commission today, asking it to accept a Redesigned Rate ADE. Competitive energy firm Freedom Energy Logistics, which includes Resident Power, the first company to focus on resident and small business electricity NH accounts, opposes the ADE.

Included in this Redesigned ADE is a near 1-cent Adder to recover costs associated with the scrubber installed at Merrimack Station.

Freedom Energy Logistics opposes the ADE for various reasons, not least of which is that the Adder is intended to help pay for the scrubber installed at Merrimack Station. FEL protests that the Redesigned Rate ADE is not part of the “actual, prudent, and reasonable costs of providing…power” allowed in NH RSA 369.

In addition, deregulation prohibits a utility giving any customers undue advantage or disadvantage. The ADE would give a 30-40% advantage to “prodigal” customers returning to PSNH from competitive energy. Freedom Energy Logistics argues that the adder could prove detrimental to PSNH customers who have remained loyal.

The Freedom Energy Logistics family of companies obtains power at the lowest possible price for New England consumers. FEL Power (felpower.com) provides high-end energy management services in electricity and natural gas. Its unique Direct to Grid (or Self-Supply) model guides large-scale users into New England’s wholesale electricity market, guaranteeing them access to electricity at the lowest available cost. Halifax American Energy Company (haecpower.com) is a retail electric energy marketer which, in partnership with South Jersey Energy, specializes in transactions converting wholesale and bulk power products into shapes and durations suitable for industrial, commercial, institutional and governmental end users. FEL‘s sister company, Resident Power (residentpower.com), is New Hampshire’s first competitive electricity aggregator to focus exclusively on residences and small businesses.

Read the full story at http://www.prweb.com/releases/electricitynh/psnhelectricityrateadder/prweb9623247.htm

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