HARTFORD, Conn. (AP) _ Electric customers in Connecticut will pay lower electric bills as a result of falling natural gas prices and other costs.
State regulators approved reduced electric rates Monday for Connecticut Light & Power, which serves about 1.2 million customers and United Illuminating, with 325,000 customers. The new rates take effect Jan. 1.
The Public Utilities Regulatory Authority said it approved generation fees that will decrease about 1.2 cents per kilowatt-hour for CL&P and 1.8 cents per kilowatt-hour for UI.
The agency says the generation cost for a UI residential customer using 750 kilowatt hours would decrease by about $13.50 a month and $9 for a CL&P residential customer.
Businesses will benefit from similar reductions.
Fees due to transmission congestion problems also are declining as new electric lines and systems are installed.
(Copyright 2011 by The Associated Press. All Rights Reserved.)