PSNH will raise electricity rates in 2009

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Public Service of New Hampshire is ringing in the New Year with a rate increase.

The state Public Utilities Commission has agreed to let PSNH bump up rates by nearly 4 percent.

The request was made in September, and is not related to the December ice storm that left thousands without power. PSNH had requested a nearly 10 percent increase to counter high gas prices, but lowered the request when oil prices fell.

The company will decide later whether to apply for another rate increase to defray costs from the ice storm. PSNH officials say whatever costs are passed onto rate payers will be spread out over a number of years.

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