Connecticut Public Utilities Regulatory Authority

Connecticut regulators approved a framework for measuring the performance of the state’s electric utilities on Wednesday.

Connecticut Governor Ned Lamont and state lawmakers vow to hold Eversource more accountable to ratepayers after the state’s largest utility announced a $1.4 billion profit for 2022 and the doubling of its CEO’s pay.

Connecticut's expensive electric rates are fueling an effort to revise regulations governing Eversource and other utilities.

This is the first time the water utility has asked the state Public Utilities Regulatory Authority for a rate increase since it was acquired by the region’s largest power company, Eversource, in 2017. But the company did raise its standard service rates for customers twice last year.

The third-party electric supply company Verde Energy will reimburse customers, according to a settlement with the Connecticut Public Utilities Regulatory Authority.

The state Public Utilities Regulatory Authority also told the electricity providers, along with their affiliated natural gas companies, that shut-offs cannot begin until May 2023.

The company defended itself during hearings before the Connecticut Public Utilities Regulatory Authority over its controversial billing practices during the pandemic.

The state's two largest utilities, Eversource and Avangrid, the parent company of United Illuminating, developed a new flexible payment plan to replace a COVID-19 pandemic plan that ended last month. It's for commercial customers and took effect on July 1.

The Connecticut Public Utilities Regulatory Authority is investigating the collection practices of Eversource and Avangrid to determine if lawsuits against customers violated their orders. The companies deny wrongdoing, saying any litigation started before the pandemic.

Eversource Energy is expecting regulators to allow the utility company to charge customers to pay back millions of dollars in costs from their response to…