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Connecticut lawmakers want state regulators to reject a 43% rate hike request from Yankee Gas.
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At an environmental summit hosted by the Connecticut League of Conservation Voters on Tuesday, Gov. Ned Lamont encouraged both hybrid and electric vehicles, while also acknowledging the state’s high electricity rates.
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Connecticut regulators approved a framework for measuring the performance of the state’s electric utilities on Wednesday.
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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.
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Connecticut's expensive electric rates are fueling an effort to revise regulations governing Eversource and other utilities.
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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.
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The third-party electric supply company Verde Energy will reimburse customers, according to a settlement with the Connecticut Public Utilities Regulatory Authority.
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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.
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The company defended itself during hearings before the Connecticut Public Utilities Regulatory Authority over its controversial billing practices during the pandemic.
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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.