FOR IMMEDIATE RELEASE | Senator Fazio Expresses Disappointment in Eversource’s Request for Rate Adjustment

FOR IMMEDIATE RELEASE
February 16, 2024

Media Contact:
Hannah Lemek
860-406-1939
[email protected]

Senator Fazio Expresses Disappointment in Eversource’s Request for Rate Adjustment

HARTFORD, CT- Today, Sen. Ryan Fazio (R-Greenwich) expressed frustration in Eversource’s recent request for a $784 million rate adjustment that would increase Connecticut Light & Power electric rates. This rate adjustment would burden average residential customers with an additional $38 cost starting from May 1.

In response to this request, Senator Fazio emphasized the importance of the Public Utilities Regulatory Authority (PURA) in safeguarding the interests of consumers. Senator Fazio stated, “Eversource’s latest rate adjustment request is another unacceptable development for families in Connecticut who are paying too much already for their utility bills. It also underscores the vital need for strong oversight from PURA to protect the interests of Connecticut residents in dealings with a regulated monopoly like Eversource.”

In the previous session, Senator Fazio co-authored and championed S.B. 7, a new law aimed at strengthening oversight of the state’s utilities on behalf of consumers and protecting the interests of the residents.

“My desire for strong protections for utility consumers is exactly why I co-authored our bipartisan S.B. 7 law last year to strengthen PURA’s oversight of the utilities. That law will reduce cost increases in the future. But it also underscores my commitment to continue fighting for the passage of my full energy reform proposals that will reduce the cost of energy by 10 percent in the short run and even more in the long run. We must do more to protect energy consumers in this state,” Senator Fazio said.

As the request for the rate adjustment moves forward, Senator Fazio will continue to advocate for transparency and affordability.

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