CNG OVER-COLLECTED $8 MILLION FROM CONNECTICUT RATEPAYERS
Following a recent earnings report showing Connecticut Natural Gas Corporation over-collected $8 million from Connecticut families and businesses, Attorney General William Tong, Consumer Counsel Claire E. Coleman, Connecticut Industrial Energy Consumers, and the Public Utilities Regulatory Authority Office of Education, Outreach, and Enforcement submitted a joint petition to the Public Utilities Regulatory Authority seeking a new rate hearing to drive down costs for consumers. It has been five years since CNG’s last rate case before PURA. Per state statute, rate review hearings must be conducted at least every four years. CNG’s most recent earnings report shows the company has been earning 177 basis points above its authorized return on equity (“ROE”) of 9.3 percent. This was not a billing error—CNG…







