FREEZE FOR EVERSOURCE RATES
U.S. Senator Richard Blumenthal (D-CT) urged the Connecticut Public Utility Regulatory Authority (PURA) to reject the three rate hike proposals made by Eversource, and instead impose a fourth option upon the utility – no increase in utility rates for Connecticut’s electricity customers. Eversource has unconscionably presented PURA with three rate hike options, claiming they under-recovered almost $20 million during 2020, while making over $1.2 billion profits – an increase of 34% over 2019. All three options would result in a 12% increase for Connecticut rate payers. In a letter to regulators, Blumenthal said, “Eversource is claiming under-recovery in 2020 of their costs from ratepayers, the company announced $1.2 billion in profits for 2020! Of that $1.2 billion, $457.9 million in profit…