State Regulators Slash Connecticut Light & Power’s Proposed Rate Increase

Hartford, CT – State Senator Joe Markley (R-Southington) released the following statement today re: State Regulators slash Connecticut Light & Power’s proposed rate increase from $221.1 Million to $130.2 Million.

“I’m pleased the state regulators sought to keep the rate increase low. This is a step in the right direction and shows that when people are upset they do have a voice. Despite the victory, many of our residents still can’t afford this increase, which is why we need to work as a state at lowering the cost of electricity.

“The cumulative effect of the flat rate increase, the higher distribution rate and the cost of electricity per kilowatt hour makes it very difficult for residents to live in our state and work or own a business here.

“I will be submitting legislation this next session that would require rate hikes in excess of ten percent come before the General Assembly for approval. We’ve taken ourselves out of the process, and I’m afraid that’s a mistake. I’d like to find a way for us as legislators to protect citizens from back-breaking rate increases.”

The draft decision is scheduled to be finalized Dec. 17.