DPU approval for pipeline tax sought no more, but Spectra project still very much in the works
In light of SJC ruling, utilities withdraw petitions that would have allowed for pipeline tax.
This week Eversource and National Grid formally filed a motion to withdraw petitions seeking approval of long term gas capacity contracts related to the Access Northeast (ANE) Project by Spectra Energy. The hotly contested tax would have helped finance pipeline construction. This move came less than a week after the Massachusetts Supreme Judicial Court (SJC) issued its decision finding the unprecedented cost-recovery scheme proposed by the utilities, which also happen to hold substantial financial interests in ANE, violates the 1997 Restructuring Act.