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Bridgeport, Connecticut, residents who are ratepayers at United Illuminating could expect to see a credit on their statement in August.
The credit would be part of more than $2 million in civil penalties the utility company may have to pay after its poor response to Tropical Isaias storm outages last summer.
Bridgeport Mayor Joe Ganim said the storm was a terrible tragedy for city residents.
“I want to thank the oversight board, the Department of Public Utilities for forcing the utility company in Bridgeport the UI company to pay back rebates to the residents and ratepayers here after the way they handled the storm,” Ganim said.
Press release content from Business Wire. The AP news staff was not involved in its creation.
SJW Group Announces 2021 First Quarter Financial Results, Provides 2021 Guidance, and Declares Dividend
April 28, 2021 GMT
SAN JOSE, Calif. (BUSINESS WIRE) Apr 28, 2021
SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March 31, 2021. SJW Group net income was $2.6 million for the quarter ended March 31, 2021, compared to $2.4 million for the same period in 2020. Diluted earnings per share were $0.09 and $0.08 for the quarters ended March 31, 2021 and 2020, respectively. Diluted earnings per share in 2021 includes $0.12 per share from ongoing operations offset by non-recurring expenses related to the Texas ice storms of $0.7 million (net of tax) or $0.03 per share. Diluted earnings per share in 2020 includes $0.15 per share from ongoing operations offset by non-recurring expenses related to the Connecticut Water Service, Inc. merger and integration fees o
Ryan Caron King / Connecticut Public Radio
How many days were
you out of power last summer after Tropical Storm Isaias?
The outages last August impacted hundreds of thousands of residents. Some lasted more than a week.
This hour, we talk with Marissa Gillett, Chairman of PURA, Connecticut’s utility regulator. The agency investigated how the state’s two major electric companies dealt with the storm and issued a final decision.
What will it mean for consumers?
GUESTS:
Marissa Gillett - Chairman of Connecticut’s Public Utilities Regulatory Authority (PURA)
Cat Pastor contributed to this show.
Tags:
Published April 28, 2021 •
Updated 17 seconds ago
NBC Universal, Inc.
State regulators have been investigating the utility companies and how they responded after Tropical Storm Isaias and determined that Eversource Energy and The United Illuminating Company didn t meet certain acceptable performance standards in preparing for, and responding to, the storm and will consider
levying fines against one or both of the utilities.
PURA is also ordered a reduction in the profit of both companies as an incentive for corporate management to properly prepare for future storms, and it also ordered both utilities to undergo comprehensive management audits. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.