CL&P Says Five Storms Cost $462.3 Million; Company Asks To Recover $414 Million
Connecticut Light and Power says the five major storms the last two years have cost it $462.3 million dollars. The company says four of the storms were among the ten worst in CL&P history.
CL&P President and Chief Operating Office Bill Herdegen says the massive damage meant that in some cases entire sections of the electrical distribution system had to be completely rebuilt.
He says ordinarily, the company would expect storms of such magnitude to strike years, or even decadfes apart.
The company has asked the Public Utilities Regulatory Authority to review the costs associated with the storms, and to allow it to recover $414 million of that over a six-year period. If approved, the company says the storm recovery costs would add about $3 a month to the bill of the average residential customer, starting in December of next year.