Electric Rates Coming Down
BERLIN, Conn. (AP) _ Connecticut Light and Power, the state’s largest utility, says its residential customers will see their bills drop 7.5 percent next year.
The Connecticut Public Utilities Regulatory Authority approved the new rates on Thursday. For the average customer _ who uses 700 kilowatts a month _ that means a decrease of $9.25 on their bill, to $114.36 a month. CL&P says that’s the lowest monthly total since 2005.
Jim Muntz, the utility’s acting president, says the lower rates are due mostly to the falling price of natural gas, which fuels many regional electric power plants.
CL&P has about 1.2 million customers.
Regulators also approved lower rates for The United Illuminating Co. customers, who will see their bills drop 8.5 percent.
(Copyright 2011 by The Associated Press. All Rights Reserved.)