Lawmakers hike assessment on utilities 50% CommonWealth

THOUGH LAWMAKER LEFT a handful of proposed taxes on the cutting room floor when they compromised on a budget, the fiscal year 2020 spending plan being reviewed by Gov. Charlie Baker includes a 50 percent increase in the annual assessment imposed upon gas and electric utility companies.

The assessment of a percentage of each utility company’s Massachusetts revenue is meant to be a reimbursement of the cost of overseeing and regulating the gas and electric industries. The budget awaiting Baker’s action would raise the maximum rate of that assessment from 0.2 percent of revenue to 0.3 percent of revenue.

Sen. Michael Barrett, who filed the assessment increase as a budget amendment, said the idea stemmed from September’s natural gas explosions and fires in the Merrimack Valley, and the subsequent closer look at the Department of Public Utilities.

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