Page Contents

    Advertiser Disclosure: At, our number one goal is to help you make better energy decisions. We adhere to strict editorial guidelines, however this post may include references to products offered from our partners.

    Connecticut Light & Power's proposed distribution rate increase was cut by 41% by the state's Public Utilities Regulatory Authority in a draft decision.

    The utility asked for $221 million in additional revenue with a 10.2% return on equity (ROE). The draft ruling would allow recovery of $130.1 million, including some previously approved costs from major storms in 2011 and 2012. The ROE was cut to 9.17%. The base ROE was further cut to 9.02% for one year as a penalty for the utility's performance in preparation and service restoration from Tropical Storm Irene in 2011 and an October 2011 snowstorm.

    CL&P also proposed increasing the monthly service charge that most residential customers must pay regardless of consumption to $25.50 from the current $16. The draft decision allows the fixed rate to increase to $19.50 monthly.

    An average residential customer using 700 kWh of electricity would see an increase of approximately $7.12 per month. PURA said the increases will be sufficient to allow CL&P to fund capital improvements to upgrade its distribution system.

    A final vote by PURA's commissioners is scheduled for Dec. 17.