WTIC1080

Local News

PURA Cuts Nearly $50 Million From CL&P Storm Recovery Cost Request

View Comments
Electric repairs (Mandel Ngan/AFP/Getty Images)

Electric repairs (Mandel Ngan/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

NEW BRITAIN, Conn. (AP) _ State regulators have cut nearly $50 million from a request by Connecticut’s largest utility for ratepayers to pay for recovery from five destructive storms.

The Public Utilities Regulatory Authority issued a preliminary decision Monday for Connecticut Light& Power to recover $365 million for preparation and response to Tropical Storm Irene in August 2011, a Nor’easter two months later, Superstorm Sandy in October 2012 and two major storms in June 2011 and September 2012.

CL&P may recover the costs over six years. It asked for permission to bill ratepayers for $414 million.

The Berlin-based utility said it was still reviewing the decision.

Regulators said an agreement allowing parent company Northeast Utilities to purchase NStar in Boston required CL&P to freeze distribution rates until at least Dec. 1 and absorb the first $40 million in storm costs.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 830 other followers