Eversource Disagrees with Regulators Over Electric Bills, Calls Them Out – NBC Connecticut

Eversource calls for changes to regulatory process to bring down energy prices in Connecticut long-term. Eversource Electric Operations President Steve Sullivan says rate cuts aren’t the solution and urges lawmakers to work with utilities to meet goals cost-effectively. Public benefits, subsidy to Millstone nuclear plant and unpaid bills during pandemic moratorium, account for $62 of average $230 bill. Sullivan criticizes regulators for focusing on delivery charges and warns of consequences of further rate cuts on future bills. Eversource plans to file for rate review later this year after scaling back investments due to credit rating downgrades and actions by PURA. Republicans call for better relationship between regulators and utilities, proposing to cover public benefits costs through state budget. Sen. Needleman defends state’s purchase of green energy while criticizing utilities for putting pressure on regulators. New England states urged to work together to reduce supply costs.

Source
Photo credit www.nbcconnecticut.com