Attorney General Jepsen Statement on PURA Storm Response Draft Decision
Attorney General George Jepsen today issued the following statement on the Public Utilities Regulatory Authority’s draft decision in its investigation of public service companies’ response to the 2011 storms:
“Today’s draft decision clearly echoes our case in this proceeding and would assess meaningful penalties on Connecticut Light & Power for the company’s deficient response to Tropical Storm Irene and the October Nor’easter.
“In assessing an appropriate reduction to CL&P’s allowed return on equity in its next ratemaking case, ordering immediate and ongoing improvements and in retaining jurisdiction to approve an appropriate level of storm costs, PURA has given CL&P strong incentives to improve its performance to ensure a greater level of storm preparedness in the future.
“This draft is a positive step toward ensuring better quality of service and fair compensation for residents, ratepayers and municipalities.”
Jaclyn M. Falkowski
Content Last Modified on 7/17/2012 5:28:41 PM