Effective DateMonthly Interest RateAnnual RatePursuant to
February 1, 20150.83%10.46%220 C.M.R. 26.10 (4)
February 1, 20140.82%10.31%220 C.M.R. 26.10 (4)
February 1, 20130.82%10.28%220 C.M.R. 26.10 (4)
February 1, 20120.83%10.45%220 C.M.R. 26.10 (4)
February 1, 20110.85%10.70%220 C.M.R. 26.10 (4)
February 1, 20100.87%10.96%220 C.M.R. 26.10 (4)
February 1, 20090.95%12.01%220 C.M.R. 26.10 (4)
February 1, 20081.12%14.36%220 C.M.R. 26.10 (4)
February 1, 20071.16%14.82%220 C.M.R. 26.10 (4)
February 1, 20061.09%13.85%220 C.M.R. 26.10 (4)
February 1, 20050.98%12.38%220 C.M.R. 26.10 (4)
February 1, 20040.92%11.65%220 C.M.R. 26.10 (4)
February 1, 20031.00%12.64%220 C.M.R. 26.10 (4)
February 1, 20021.09%13.83%220 C.M.R. 26.10 (4)
February 1, 20011.26%16.26%220 C.M.R. 26.10 (4)
February 1, 20001.20%15.43%220 C.M.R. 26.10 (4)
February 1, 19991.18%15.13%220 C.M.R. 26.10 (4)
February 1, 19981.24%15.99%220 C.M.R. 26.10 (4)
February 1, 19971.23%15.84%220 C.M.R. 26.10 (4)
February 1, 19961.26%16.15%220 C.M.R. 26.10 (4)
February 1, 1995 *1.24%15.94%220 C.M.R. 26.10 (4)
November 1, 19941.10%14.05%D.P.U. 93-204-A (9/27/1994)
Upon Department approval of utility tariff provisions1.50%19.56%D.P.U. 18248 (2/4/1975)

A company may assess a late payment charge on the unpaid past due portion of a balance of a customer bill.

Utilities seeking to impose late payment charges must file them as a tariff provision for review and approval of the Department.

*Pursuant to 220 C.M.R. 26.10 (4), the late payment charge shall be calculated at an annual rate of interest which is the equivalent of the rate paid on two-year United States Treasury notes for the preceding

 


This information is provided by the Department of Public Utilities