HINGHAM MUNICIPAL LIGHTING PLANT
222 Central Street
Hingham, MA 02043-2745
FAX (781) 749-1396
John G. Tzimorangas
John A. Stoddard, Jr, Chairman
Walter A. Foskett., Secretary
Kevin J. Bulman, Commissioner
FOR IMMEDIATE RELEASE
Hingham Light announces fuel rate increase
October 1, 2005
Hingham- The Hingham Municipal Lighting Plant has announced that rates will increase on October 1st by 5.1% for all customer classes due to the rising costs of fuel oil and natural gas, which are used in the production of electricity. The increase will raise the customer’s average bill by $3.35, based on a customer using 500 kilowatt-hours per month.
“The increase is strictly tied to the rising costs of the fossil fuels used by the generating plants we receive electricity from”, John G. Tzimorangas, General Manager told the Municipal Light Board at last Tuesday nights meeting. “We have tried to delay this increase as long as we could, but the energy market and projected future energy costs have risen more than 100% since this time last year”, he said.
Tzimorangas also mentioned to the Light Board that Massachusetts Electric has applied to the Department of Telecommunication and Energy for an increase of 27.5%, which is a $17.52 increase on an average customer bill. “Even with our increase, the Hingham customer’s rate is 15.5 % lower (before the discount is applied) than the Massachusetts Electric customers in the neighboring Towns”, Tzimorangas commented to the Board.
HMLP serves 10,000 residential and commercial electric customers in the Town of Hingham. HMLP continues to provide low cost, safe, reliable electricity to the residents of Hingham with a high level of service and customer satisfaction.