Attorney General William Tong asked state regulators on Thursday to block a proposed $25 million rate increase for Connecticut Water customers, saying his office identified roughly $19 million in unjustified costs in the application.
Tong’s filing with the Public Utilities Regulatory Authority also seeks to cut the company’s requested return on equity from 10% to 8.3%. PURA has yet to render a decision on the application.
Connecticut Water estimates the increase, if approved, will raise customer bills by an average of $15.54 a month. The company said the increase is being driven by approximately
Our editorial team includes several staff writers, each contributing their specialized knowledge to enhance the depth and breadth of our event and story coverage.