Connecticut utility regulators have rejected a proposed rate increase by one of the state’s largest utilities, which was seeking another $130 million from energy consumers.Â
The state Public Utilities Regulatory Authority turned down a request from United Illuminating to increase electric rates by nearly $131 million over the next three years. Instead, the agency approved a rate increase of just over $2 million for next year, which is still subject to final approval by the PURA board.
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