HARTFORD, CT – Governor Ned Lamont announced that he has signed legislation that increases accountability among Connecticut’s utility companies by implementing a performance-based incentive system that ensures their earnings and profits are tied to good performance and certain penalties can be enacted amid extensive service disruptions. Under the legislation, the Public Utilities Regulatory Authority (PURA) will be responsible for establishing the system, which will focus on several factors such as safety, reliability, storm response, affordability, the state’s environmental goals, customer satisfaction, communication with municipalities, and equity. The bill also enables PURA to implement an interim rate decrease, low-income rate, and economic development rates that provide consumer relief during the current recession, directs the administration to investigate whether Connecticut’s participation in the wholesale…
Read More