“These
new three-year plans will continue our work toward a clean energy future,” said
Governor Deval Patrick. “Reducing energy costs for Massachusetts residents, our reliance on
foreign sources of energy and our impact on the environment will serve the
Commonwealth well for generations to come.”
The
approval of the three-year plans expands the Commonwealth’s nation‑leading
goals for electricity and natural gas savings from energy efficiency
investments and marks another important step in helping the Commonwealth
address vital energy issues. The plans call for $2.7 billion in investments that
will result in nearly $9 billion in benefits over the life of the installed
measures, with a benefit-to-cost ratio greater than three-to-one; for every
dollar invested in energy efficiency, ratepayers will receive over three
dollars in return over the lifetime of measures installed.
“Reducing our energy consumption will yield
significant environmental benefits and help control high energy costs that
burden families and businesses in Massachusetts ,”
Attorney General Martha Coakley said. “These energy efficiency
programs are an important step in helping people reduce their energy
consumption which can lead to lower bills and lower emissions from power
plants.”
“We
are proud to lead the nation in energy efficiency and these plans will ensure
that we maintain our spot and continue our clean energy revolution,” said
Secretary Sullivan. “We are expanding the work we’ve done over the last three
years to cut energy use, save money and reduce emissions across the
Commonwealth.”
Following an exhaustive process led by EEA’s Department of Energy
Resources (DOER) and Attorney General Martha Coakley’s office, the Energy
Efficiency Advisory Council unanimously approved the electric and natural gas
utilities’ second three-year efficiency plans last fall, and the utilities
filed them with the DPU on Nov. 2, 2012.
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