Regulators Complete Preliminary “Two Storm” Utility Performance Review
HARTFORD, Conn. (AP) _ Connecticut regulators say Connecticut Light & Power’s response to two destructive storms last year was inadequate and its performance will be a factor in requests for rate increases.
The Public Utilities Regulatory Authority said in a draft decision Tuesday that for future rate requests it will consider the
extent to which the Northeast Utilities subsidiary has recognized its shortcomings and taken steps to improve its storm response.
Regulators said it could consider a reduction to CL&P’s allowed profit as a penalty for poor management.
A spokesman said in an email that the utility is reviewing the lengthy draft decision and will decide whether to file written
comments or participate in oral arguments before a final decision is issued Aug. 1.
Power was out for days in both storms, drawing intense criticism from customers and politicians.
(Copyright 2012 by The Associated Press. All Rights Reserved.)