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Democratic and Republican lawmakers in Connecticut have pushed back on claims that the state’s regulatory environment is harming public utilities.
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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.
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Connecticut lawmakers want state regulators to reject a 43% rate hike request from Yankee Gas.
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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.