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Conn. AG calls on PURA to significantly reduce Eversource's rates

Connecticut Attorney General William Tong is calling on the Public Utilities Regulatory Authority to significantly reduce Eversource’s rates.  PURA is evaluating electric companies’ rates to see if an interim reduction is appropriate. The rate review proceeding was authorized under the Take Back Our Grid Act.  Electricity costs in Connecticut are the highest in the continental United States.  Tong’s brief notes that since its last rate case in 2018, Eversource’s costs have decreased, but those reductions are not reflected in current rates. Tong says decreasing the utility's annual distribution revenue by between $65 million and $123 million per year would reduce Eversource’s rates to a range that is reasonable. A $100 million rate reduction would result in 4.54 percent distribution rate decrease and a 2.6 percent total bill decrease for ratepayers.

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Todd Schnitt

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