Nantucket Electric Proposes Joint Rate Hike and PBR Plan
North Adams villageCity · MI- Disclosed value
- $131,232,856 plus $389,766 additional revenue (total $131,622,621 proposed increase; consolidated with Massachusetts Electric)
- From public notice
- Document date
- Dec 15, 2023
- Renews
- Free account
The 30-second brief
Nantucket Electric Company (National Grid) seeks state approval with Massachusetts Electric to increase electric base rates and implement a five-year performance-based rate plan, pending DPU approval starting October 1, 2024.
Nantucket Electric Company holds this utilities contract with North Adams village. Its other public contracts on record include work for Town of Nantucket and Nantucket County.
The renewal date is on record. A free account shows it, with the renewals for every North Adams village contract.
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Contract details
- Contract type
- Utilities
- Amount
- $131,232,856 plus $389,766 additional revenue (total $131,622,621 proposed increase; consolidated with Massachusetts Electric)
- Document date
- December 15, 2023
- Term
- Effective October 1, 2024; PBR methodology proposed for 5 years
- Renews
- Free account
- Agency
- North Adams village
- Source document
- department-of-public-utilities-public-notice-december-15-2023_b0e.pdf (Public Notice)
Nantucket Electric Company's other public contracts
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Questions about this contract
Who was awarded the utilities contract by North Adams village?
Nantucket Electric Company was awarded this utilities contract by North Adams village, as recorded on December 15, 2023. The contract value is $131,232,856 plus $389,766 additional revenue (total $131,622,621 proposed increase; consolidated with Massachusetts Electric).
How much is the Nantucket Electric Company contract with North Adams village worth?
The Nantucket Electric Company contract with North Adams village is valued at $131,232,856 plus $389,766 additional revenue (total $131,622,621 proposed increase; consolidated with Massachusetts Electric), covering utilities work.
What type of contract is this?
This is a Utilities contract, documented as a public notice record.
Where was this contract approved?
This contract appears in department-of-public-utilities-public-notice-december-15-2023_b0e.pdf (Public Notice), dated December 15, 2023 from North Adams village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Nantucket Electric Company hold?
Nantucket Electric Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is North Adams village currently buying?
Explore North Adams village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.