Connecticut Governor Ned Lamont and state lawmakers vow to hold Eversource more accountable to ratepayers. That’s after the state’s largest utility announced a $1.4 billion profit for 2022 and the doubling of its CEO’s pay.
Lamont said Eversource’s profits come at a time Connecticut consumers are paying some of the highest energy rates in the country.
That’s why the state’s Public Utility Regulatory Authority chaired by Marissa Gillett will hold Eversource more accountable for the services it renders.
“We are going to put in place performance-based regulations, so they only get paid based upon performance," Lamont said. "And I think Marissa is looking forward to a rate hearing sometime in the next year or so where we’ll be able to take a hard look at this. Those are pretty big profits."
State legislative leaders have said they will also increase accountability and oversight of Eversource and all utility companies to ensure that customers are put before profits.
