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"Eversource customers cannot afford any more rate increases," he said.
The UConn research was published in the journal Energy Policy.
Eversource President and CEO Joe Nolan said the company has "solidified our standing as one of the nation’s most sustainable utilities."
Attorney General William Tong, a frequent critic of Eversource's performance during Tropical Storm Isaias, said he will :continue to aggressively monitor Eversource’s performance and will hold them accountable whenever and wherever necessary.”
If approved, the deal would direct $65 million in Eversource funds to be immediately returned to customers in the form of two credits on their December and January bills.
“That the economy in Connecticut has for a long time been among the weakest in the country is mind-boggling,” the Republican said. "It's too expensive to live here."
In addition, United Illuminating has been assessed a $2.1 million penalty.
“Eversource failed and must regain our trust,” declared Attorney General William Tong.
Over the last 10 years, Bridgeport-based Aquarion has integrated over 70 water systems into its operations.
Judge was criticized for Eversource's lethargic response to last summer's Tropical Storm Isaias.
Still to be determined is what, if anything, the utility owes customers for food and medication spoilage incurred during the tropical storm.
The utility ranked 72nd out of 2,000 large public companies.
“Utility companies provide a critical service that can quite literally mean life or death in certain situations, and ratepayers deserve a level of respect that puts them above profits,” the governor said.