YANKEE COMPANIES

The Phase I-IV DOE litigation proceeds were dispositioned consistent with the provisions of a 2013 Federal Energy Regulatory Commission (FERC) Order. The FERC approved a filing following the award of the Phase I damages funds that accepted an agreement reached between the three companies and the state utility regulators in Connecticut, Maine and Massachusetts that have historically intervened in the companies' FERC rate cases. That agreement detailed an approach for applying the Phase I damages proceeds and future damages awards in a manner that best serves the interests of the 3 companies, and their utility owners and ratepayers in the respective New England states... The longer the federal government delays in fulfilling its contractual obligation to remove the material, the longer these single-asset companies are required to remain in business and the damages lawsuits will continue. The ongoing litigation between the three companies and the DOE is being conducted in phases as an..

Also known as: 3 Yankees, The Yankee Companies