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AG asks DPU to ease electric rate hikes

With significantly higher heating prices expected this winter, Attorney General Martha Coakley has asked the Department of Utilities to help mitigate electricity "rate shock" to consumers and open an investigation into ways to reduce these sudden spikes. The AG's office is also requesting a one-month extension to the state's winter moratorium, banning companies from shutting off electric or gas supplies to consumers struggling to pay their heating bills.

The AG's office asked the DPU to work with National Grid to determine what part of the cost recovery of the winter rates, if any, may be deferred until after May 1, 2015.

Last month, National Grid filed its basic service rates and warned that, due to higher power supply prices, typical residential customers will see an increase from last year on their winter electric bills of 
37 percent, or about $33, each month from Nov. 1 to April 30, 2015. The DPU approved the filing Sept. 23.

Don Law buys Somerville post office

The city of Somerville has been informed that the U.S. Postal Service has completed the sale of the former Union Square Post Office at 237 Washington St. to Boston arts and entertainment promoter Don Law for $2.75 million. Asked about his plans for the facility, the Live Nation impresario told the Herald, "I honestly don't really have one, and I'm not being coy; we just don't know exactly what it will be. But I love the building. And I know food will be a major component."

Apartments proposed in Brighton

Allston-based Partners Properties LLC gave notice to the city yesterday of its intention to redevelop an "underutilized," six-story office building at 1505 Commonwealth Ave. in Brighton into an 85-unit apartment building with parking for 74 cars. The company plans substantial exterior improvements to the building and wants to add an 8,000-square-foot addition over the existing parking deck. It bought the property for 
$7.45 million in June, according to documents filed with the Registry of Deeds.

TODAY

• Labor Department releases employment data for September.
• Commerce Department releases international trade data for August.
• JLL Capital Markets announced that George Gregory, left, has joined the firm's Boston office as an associate focusing on underwriting and analysis across all property types, performing valuations and other market studies. Previously Gregory was an account and project manager for six years at Triumvirate Environmental Inc., where he specialized in the sale of environmental services to the life sciences industry.

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