Yankee Gas

Democratic and Republican lawmakers in Connecticut have pushed back on claims that the state’s regulatory environment is harming public utilities.

Connecticut’s largest utility company, Eversource, has had its credit rating downgraded by the Standard and Poor’s agency. This means its customers in the state might have to pay higher rates.

Connecticut lawmakers want state regulators to reject a 43% rate hike request from Yankee Gas.

Yankee Gas, Connecticut’s largest natural gas distribution company, has announced that it will soon file a request with the Public Utilities Regulatory Authority for a $209 million rate increase.