PSNH says ice storm cost $75 million

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Public Service Company of New Hampshire says the December ice storm caused more damage than any storm in the state’s history. And PSNH says it cost the utility $75 million – $60 million of which will be made up in customers’ bills.

The utility said the damage from the ice storm was more significant than PSNH’s top four prior storms combined. More than 322,000 PSNH customers lost power at the peak of the outages, compared to the 93,000 who lost power during Snowstorm Bernice in 1996.

The report says of the total cost, $50 million in labor and materials and $10 million in capital equipment will be made up by customers in their power bill.

PSNH said spreading the cost over 10 years would add about $1 to the monthly bill of a residential customer using 500 kilowatt-hours per month.

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