July 2, 2010
State regulators have cut a revenue increase request by Connecticut Light and Power (CL&P) by nearly $76 million, effectively cutting electricity customers’ bills. The proposed increases were on the utility’s delivery charge components and not on the competitive generation rate. The Department of Public Utility Control said it approved an increase of $63.4 million this [...]
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June 29, 2010
Competitive electric rates in Connecticut remain well below the price to compare default rates of CLP. Despite this, only 27% of customers (residential, commercial, and Industrial) have chosen an alternative supplier. Small and medium commercial customers in the CLP territory on default service (i.e. have not chosen a competitive supplier) are paying a rate of [...]
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