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The Boston Globe

Business

Lower utility profits urged

Environmentalists and consumer groups are asking federal regulators to dramatically lower profits that New England utilities receive for building transmission lines, a move that could save customers more than $150 million a year.

Environment Northeast and the Boston-based National Consumer Law Center recently filed a formal request with the Federal Energy Regulatory Commission seeking to cut those profits, which have been called “excessive” by Attorney General Martha Coakley, by more than a fifth.

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