Connecticut Utility Regulators Reject Proposed Rate Increase

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. 

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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Leftists Blame War in Ukraine, Fossil Fuels, Deregulation of Electric Power for Connecticut’s 50 Percent Hike in Energy Costs

Democrat officials in Connecticut, the state’s electric power giants, and their allies in the media are blaming a 50 percent increase in electric prices this winter in the state on Russia’s war with Ukraine, a reliance on fossil fuels, particularly natural gas, and the fact that Connecticut has a deregulated electricity market.

In a press release, dated November 17, state Attorney General William Tong (D) announced that, effective January 1, Eversource will double its rates from 12.05 cents to 24.2 cents per kWh, and United Illuminating will also double its rates from 10.6 cents to 22.5 cents per kWh.

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