Now Eversource Wants a $3.2 Billion Rate Hike

Now Eversource Wants a $3.2 Billion Rate Hike

Eversource wants to return $275M to electric customers. CT regulatory agency says not so fast.

Connecticut’s ongoing disagreement over utility regulation has taken an odd turn, with Eversource proposing to return $275 million to its electric customers as a credit on next year’s bills and regulators saying not so fast. Should Eversource prevail, the monthly bill for a typical residential customer would drop by about $15 as high usage summer months approach. That would be in stark contrast to last summer, when record heat, high energy consu…