Attorney General Tong Says Office Will Scrutinize Eversource Rate Hike Request
ATTORNEY GENERAL TONG STATEMENT REGARDING EVERSOURCE RATE HIKE (Hartford, CT) – Attorney General William Tong released the following statement regarding news that Eversource intends to file for a double-digit rate hike this summer. “Connecticut families are getting crushed by unaffordable energy costs while Eversource executives crow to Wall Street over surging profits and rake in multimillion dollar bonuses. But they choose now to demand hundreds of millions of dollars more. Why? Because after years of litigation and lobbying, they finally ran their chief regulator out of town. They want a rate hike now not because they need one, but because they think they can get away with it. We’re going to scrutinize every profit, every bonus, every perk and every…