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Both the attorney general's office and the Department of Consumer Protection are investigating the Norwalk company for possible violations of the Connecticut Unfair Trade Practices Act.
“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.
The legislation requires utilities to credit residential customers $125 a day for service outages more than 72 hours after an emergency, except for emergencies causing outages that involve more than 870,000 customers.
“I agree I’m extremely well compensated,” Eversource head James J. Judge said about the $19.8 million he was paid last year. “I know how well I’m paid. I also know that the compensation is very much in line with CEOs of similar sized utilities.”
“This is not a time to just speak out and then go back to business,” Gov. Ned Lamont said. “Let’s not let this crisis go to waste.”
The project includes an estimated $890 million in direct economic development in Connecticut, including Bridgeport Harbor and the local supply chain.
Pending regulatory approval, the project -- designed to provide a more environmentally friendly and cost-effective energy source -- is expected to begin construction in the second quarter of 2018.
Public Utilities Regulatory Authority cites the need for "fair and reasonable rates."
The state Public Utilities Regulatory Authority works with private companies to share information and create cybersecurity standards.
Connecticut Light & Power is seeking to increase its fixed monthly service fee for residential customers from $16 to $25.50 per month.
Draft PURA ruling approves rate increase on customers.
Company seeks $33 million over three years; would up water bills by 23 percent.
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