CL&P Customers Could See Rate Hike As Infrastructure Project Continues
HARTFORD, Conn. (CBSNewYork) – Electricity rates could surge nearly 6 percent by the end of the year for Connecticut Light and Power Company customers.
As WCBS 880 Connecticut Bureau Chief Fran Schneidau reported, the utility has asked state regulators to raise rates by 5.9 percent as a means of paying for their huge infrastructure upgrade program under way.
The effort will result in stronger wires and poles, as well as transformer and substation improvements, Schneidau reported.
CL&P has not had a rate hike in four years. The utility is asking for $231.5 million.
State Attorney General George Jepsen said he is carefully examining the rate hike request submitted to the Public Utilities Regulatory Authority on Friday.
He has urged the panel to carefully examine and justify any possible hike before approving it.
The rate hike would translate to under $7 a month more for the average customer.
If approved, the higher rates would go into effect in December.
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