Name: Blumenthal calls on state regulators to reject 3 rate hike proposals by Eversource
Brand: wfsb.com
SKU: wfsb-com-42
Availability: OnlineOnly

critic

Blumenthal calls on state regulators to reject 3 rate hike proposals by Eversource

preview

You are the owner of this article.You have permission to edit this article.HARTFORD, CT (WFSB) - Connecticut's senior senator called on state regulators to reject rate hike proposals by Eversource.Sen. Richard Blumenthal said the energy company submitted three rate hike proposals.He said it claimed it under-recovered almost $20 million during 2020 while making over $1.2 billion profits. It called it an increase of 34 percent over 2019.All three options would result in a 12 percent increase for Connecticut ratepayers.“Eversource is claiming under-recovery in 2020 of their costs from ratepayers, the company announced $1.2 billion in profits for 2020! Of that $1.2 billion, $457.9 million in profit came from Eversource’s Connecticut Light and Power division," Blumenthal wrote to PURA. "The head of Eversource received more than $14 million in compensation.”A deal was recently brokered between United Illuminating and Connecticut to stabilize 2 years worth of electric rates for U.I.'s customers. It was announced last week by state Attorney General William Tong and Gov. Ned Lamont, who called it a means to help families and businesses struggling from high energy costs during the COVID-19 pandemic.Tong then called on Eversource to broker a similar deal.Eversource told Channel 3 last week that its proposals included different options to "minimize the impact to customers and help to manage bills, similar to the approach taken by U.I."It also said it was committed to its discussions with regulators.Channel 3 reached out to Eversource again about Blumenthal's letter to PURA.&nbsp;In response, the company said "We understand the impact the pandemic has had on customers, which is why we’ve proposed spreading the costs over time, relieving customers of the burden of paying the costs all at once - lessening the impacts to customer bills. The expenses outlined in our filing represent actual costs that were incurred to safely run the electric system and provide reliable service to Connecticut customers."Copyright 2021 WFSB (Meredith Corporation). All rights reserved.×××These rate hikes only serve 1 purpose. Lining the pocket of the CEO. He already makes 20 million dollars a year.Keep it Clean. Please avoid obscene, vulgar, lewd,racist or sexually-oriented language.PLEASE TURN OFF YOUR CAPS LOCK.Don't Threaten. Threats of harming anotherperson will not be tolerated.Be Truthful. Don't knowingly lie about anyoneor anything.Be Nice. No racism, sexism or any sort of -ismthat is degrading to another person.Be Proactive. Use the 'Report' link oneach comment to let us know of abusive posts.Share with Us. We'd love to hear eyewitnessaccounts, the history behind an article.

You are the owner of this article.You have permission to edit this article.HARTFORD, CT (WFSB) - Connecticut's senior senator called on state regulators to reject rate hike proposals by Eversource.Sen. Richard Blumenthal said the energy company submitted three rate hike proposals.He said it claimed it under-recovered almost $20 million during 2020 while making over $1.2 billion profits. It called it an increase of 34 percent over 2019.All three options would result in a 12 percent increase for Connecticut ratepayers.“Eversource is claiming under-recovery in 2020 of their costs from...

public

Rob Polansky

wfsb.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Blumenthal calls on state regulators to reject 3 rate hike proposals by Eversource

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS