State Representative Frank A. Moran (D-Lawrence, Andover and Methuen) is set to Chair the Joint Committee on Telecommunications, Utilities and Energy’s oversight hearing regarding the Attorney General’s report on the residential competitive electric supply industry. The hearing will take place Tuesday, May 8th at 1:00 PM at the State House.
“The Attorney General’s report highlights an issue with this particular industry, and it’s important we convene all of the stakeholders to get to the bottom of it. While the entire State saw consumer losses during the period studied, one of the communities I am proud to represent, the City of Lawrence was one of those hardest hit. I look forward to Chairing this hearing and finding a resolution for consumers who have been negatively impacted,” said Representative Moran.
Released at the end of March, the Attorney General’s report studied the competitive electric supply market from July 2015 to June 2017 and found that participating consumers across the Commonwealth lost a total of $176.8 million compared to those receiving their power from the electric companies themselves. The AG’s report points to the targeting of low-income and minority communities, as well as households with low English proficiency as reasons that the competitive supply market, created in 1997 by the Massachusetts Legislature, should be shut down through a legislative fix.
