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Editorials

Editorial

NStar deal, rise of Cape Wind will boost state’s economy

THE PATRICK administration negotiated diligently and emerged with a fair bargain from the power company NStar, requiring it to purchase electricity from Cape Wind as a condition of state approval of its merger with Northeast Utilities. The deal preserves current electric rates for four years, while moving the nation’s first offshore wind farm a huge step closer to reality.

The $17.5 billion merger still needs to win approval from regulators in Connecticut, where Northeast Utilities is based. But from the standpoint of Massachusetts, the deal now meets the test of serving the public interest.

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