Conn. Mulls Cut in Utility Profit over Outages
HARTFORD, Conn. (AP) — Connecticut regulators say they will consider reducing the allowed profit for Connecticut Light & Power as a penalty for the way the utility handled power outages during two massive storms last year.
The Public Utilities Regulatory Authority said Wednesday that the state’s biggest utility failed to get adequate help before an October snow storm and that its response was deficient. Hundreds of thousands of customers were without power for a week or more in both storms.
A spokesman for the Berlin-based utility said he had not read the decision and did not immediately comment.
Regulators did not say how much it may reduce CL&P’s profit. They said a reduction in the next ratemaking proceeding would serve as penalty and spur incentives for improvement.
CL&P has no rate requests pending.