New Hampshire utility preps rare rate reduction bond

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By Sasha Padbidri
25 Apr 2018

The Public Service Company of New Hampshire (PSNH), an electric utility company that services 70% of the US state, is issuing a rare $636m rate reduction bond (RRB) to finance costs relating to the divestiture of 15 fossil fuel and hydroelectric generation plants.

PSNH has obtained a finance order from the New Hampshire Public Utilities Commission that allows it to finance costs relating to the divestiture of 15 power generation assets through the rare RRB securitization structure. PSNH is authorised to finance the bond payments by charging retail electric customers within ...

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