The Day - End electric deregulation. It has failed. - News from southeastern Connecticut theday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theday.com Daily Mail and Mail on Sunday newspapers.
Connecticut residents can buy electricity from competitors of their local companies. But if the plan was to save folks money, then this policy has failed.
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State officials have reached a rate agreement with UI and issued a challenge to Eversource. (Chris Dehnel/Patch)
HARTFORD, CT Gov. Ned Lamont and state Attorney General William Tong Wednesday announced that the State of Connecticut has reached an agreement with United Illuminating to offer a $46.5 million COVID relief bill credit to decrease and stabilize electric rates into 2023.
Additionally, UI has committed to not change base distribution rates until at least May 2023 to provide further certainty for its customers, they said.
The agreement is subject to review and approval by the Public Utilities Regulatory Authority.
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On the heels of the announcement, the state s top legal administrator challenged the state s other major electric utility Eversource Energy to follow suit. Eversourse earlier this month submitted a plan for for a rate increase.