Connecticut Light and Power says the five major storms the last two years have cost it $462.4 million dollars — and it is asking permission to pass $414 million of that on to ratepayers starting in December of next year.
A water company buying up smaller systems to consolidate service in Connecticut is seeking a nearly 17 percent rate increase.
Connecticut regulators harshly criticized the state’s biggest utility on Wednesday for its “deficient and inadequate” handling of two massive storms last year and held out the possibility of cutting its allowed profit as punishment for extensive outages affecting hundreds of thousands of customers.
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.
Connecticut Light & Power has struck back at Attorney General George Jepsen, who asked state regulators to punish Connecticut’s largest utility for its response to two massive storms last year.
Connecticut’s attorney general is criticizing the state’s two major utilities over last fall’s snowstorm cleanup and wants state regulators to reject some reimbursements.
The Public Utilities Regulatory Authority has given preliminary approval to a plan for Hartford-based Northeast Utilities, to merge with Boston-based NSTAR.
Connecticut’s consumer counsel is backing a proposed agreement that would see Northeast Utilities purchase a Massachusetts energy company for $4.9 billion.
Connecticut regulators say they won’t approve Northeast Utilities’ proposed multibillion-dollar purchase of Massachusetts electric company NStar unless the companies show the deal would be in the “public interest.”