State Attorney General George Jepsen says Connecticut Light and Power Co. should be penalized in its recent request for a rate increase to recover storm-related costs from the last two year’s five major storms.
Jepsen claims the company withheld critical information following the October Nor’easter in 2011 and, as a penalty, should be denied a portion of its request for a rate increase.
Earlier this month CL&P filed a request for a rate increase with the state’s Public Utilities Regulatory Authority to recover $414 million of the $462.3 million the company spent in storm-related recovery costs in 2011 and 2012. If approved by the Connecticut Public Utilities Regulatory Authority, the typical customer’s bill would increase by $3 a month, beginning December 2014.
“CL&P’s failure to provide complete and accurate documents undermined PURA’s investigation,” Jepsen said in a press release. “The company should be penalized for this conduct in a manner sufficient to deter it and others from engaging in this type of behavior in the future.”