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Representatives from both United Illuminating and Eversource are responding to comments from various state officials who said Tuesday that Connecticut has to keep pushing for stronger oversight and accountability from public utilities.
A pair of reports issued this month by financial analysis firms are highly critical of Connecticut regulators and lawmakers, claiming they have created a negative environment for the state's utilities...
The bill would revise how PURA oversees the state’s two major electric utilities, but likely wouldn't lower the cost of electricity in CT.
Nearly three years after Tropical Storm Isaias, CT regulators on Wednesday approved next phase of utility accountability.
The new framework establishes performance-based regulations for electric utilities. Regulators say those will better tie financial incentives to public outcomes, not just capital investments.