July 31, 2012
AP: Mass. Lawmakers Advance Renewable Energy Bill
Boston Globe
BOSTON—State lawmakers have approved a bill that would require utilities to purchase more of their electricity from renewable sources.
The measure approved in the Senate and House on Monday would also require competitive bidding for long-term renewable energy contracts and reduce from 4 percent to 2.75 percent the guaranteed annual return that utilities would receive from those investments.
Attorney General Martha Coakley has called the 4 percent requirement a “sweetheart” deal for utilities.
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