SEN. PRES. WILLIAMS FOLLOWS A.G. JEPSEN IN CALLING FOR SCRUTINY OF NU-NSTAR MERGER; SAYS MOVE COULD COST JOBS

State Senate President Don Williams wants the state Department of Public Utility Control (DPUC) to investigate and hold a hearing on the proposed $17.5 billion merger of Northeast Utilities (NU) and NSTAR, a Boston-based gas and electric utility.

Previously, state Attorney General George Jepsen urged the DPUC to scrutinize the merger saying that the regulatory agency certainly has the authority to review the case. The DPUC earlier concluded it had no authority over the merger because there was no clear change in corporate control.

In a letter to DPUC Chairman Kevin Delgobbo, Sen. Williams says he is concerned about job losses that often come from corporate mergers and well as the lack of competition that could make keeping energy prices down even more difficult.