UI Adding Up Sandy Costs
NEW HAVEN, Conn. (AP) _ United Illuminating’s parent company says the cost to restore power following Superstorm Sandy is between $35 million and $40 million, which it will seek from ratepayers in a request to Connecticut regulators.
UIL Holdings Corp. outlined the cost estimates in a federal regulatory filing previewing a presentation by James P. Torgerson, president and chief executive, at an industry conference in Phoenix on Tuesday.
UIL said about 40 percent of the costs were for damaged poles, wires and other equipment along Connecticut’s battered shoreline.
The remainder was for salaries, fuel for trucks and other operating expenses related to restoring power.
The cost is higher than for all storms between 2009 and June 30, which UI said totaled $26.1 million.
The state’s largest utility, Connecticut Light & Power, has not publicly estimated storm costs.
(Copyright 2012 by The Associated Press. All Rights Reserved.)