Utility companies have been ordered to issue a $70 million refund to New England customers as part of a federal ruling. Connecticut customers are set to receive $30 million of that refund.
The Federal Energy Regulatory Commission ruled last week transmission rates were too high.
Now the parent companies of Connecticut Light & Power and United Illuminating must make the refund because of overpayments.
This comes years after Connecticut Public Utilities Regulatory Authority and officials from New England states filed a complaint about the companies’ profits.
The electric companies have 30 days to issue the refunds. It is unclear how the funds will be distributed.
Gov. Malloy issued a statement yesterday on the rebate.
“This is very good news for Connecticut electric customers—and demonstrates the state’s commitment to ensuring ratepayers are treated fairly. Thanks to the Public Utilities Regulatory Authority’s careful scrutiny of charges, our families, seniors and businesses will see a refund and will not be burdened with additional costs that drive up electric bills.”
