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

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

“This is a step in the right direction and shows that when people are upset they do have a voice. Hundreds have signed my petition where they were able to sound off about electric rate hikes and urge state regulators to fight future hikes. 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 all the increases from the flat rate increase, the higher distribution rate to the cost of electricity per kilowatt hour makes it very difficult for residents to live in and work in Connecticut.

“I will support any legislation this next session that requires rate hikes in excess of ten percent come before the General Assembly for approval. Legislators should protect citizens from back-breaking rate increases.”

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