CL&P requests rate increase

Connecticut Light and Power Co. has requested to increase customers’ electricity rates to cover the costs associated with the last two year’s five major storms.

The increase, if approved by the Connecticut Public Utilities Regulatory Authority, would increase the typical customer’s bill by $3 a month, according to CL&P. Rates would increase Dec. 1, 2014.

“Responding to Mother Nature”™s wrath is a necessary, but costly part of the utility business,” said Bill Herdegen, CL&P CEO, in a press release. “Typically, storms of this magnitude strike years or decades apart, but in 16 months, we experienced four of the company”™s ten most devastating storms.”

During 2011 and 2012, CL&P reported $462.3 million in recovery costs. The company is seeking $414 million, paid over the course of six years.

The costs of the storms, as reported by CL&P, are listed below.

Storm	Date	Cost (millions)	Total Customers Restored
Nor”™easter	October 2011	$175.06	1,438,797
Superstorm Sandy	2012	$156.00	856,184
Storm Irene	2011	$111.16	1,024,032
Major Storm	June 2011	$10.93	209,045
Major Storm	Sept. 2012	$9.19	80,575
Total		$462.3*