Senate Approves Variable Rate Ban to Protect Residential Electric Consumers
(HARTFORD, CT) - May 20, 2015 - The time has come! A bill has been passed by a unanimous vote in the Senate to address the statewide issue of variable rates that have been offered to Connecticut electric customers causing rate fluctuations that far surpassed anyone's imagination. This bill prevents retail electric suppliers from entering into variable rate contracts and from automatically renewing them. It is now up to the House to decide if Connecticut will become the first state in the country to ban variable-rate electricity contracts.
View Full Article
Governor Malloy: Comprehensive Energy Strategy Will Bring Cheaper, Cleaner, More Reliable Power to Connecticut
(HARTFORD, CT) - February 13, 2013 Governor Dannel P. Malloy, joined by Lieutenant Governor Nancy Wyman and Department of Energy and Environmental Protection (DEEP) Commissioner Dan Esty, today released Connecticut’s first-ever Comprehensive Energy Strategy, a plan that establishes a clear path toward cheaper, cleaner, and more reliable energy for Connecticut consumers.
“The Comprehensive Energy Strategy sets Connecticut apart by bringing down energy costs for both residents and businesses,” said Governor Malloy. “Focusing on innovative approaches to energy efficiency—cost effective renewable power, smarter building management, and expanded use of low-cost natural gas, we are reducing consumer costs, making the state more competitive, and creating good jobs with good benefits.”
Connecticut Taps Energy Funds for the Budget
Hartford, Connecticut - June 6th, 2013
With a budget gap in the tens of millions in need of balancing, Connecticut legislative leaders decided to tap the Clean Energy Finance and Investment Authority as well as The Regional Greenhouse Gas Initiative in order to plug the current budget holes. The environmental advocates are criticizing Connecticut legislators of raiding the funds and hindering efforts to increase alternative energy.
However, the state did take $10 million from education in order to restore some of the funds for the greenhouse program saying that rising revenues will further restore the funds for this program. They plan to make any necessary adjustments as needed for during the next two years.
The Regional Greenhouse Gas Initiative is a cooperative effort among nine Northeast states with a goal of reducing greenhouse gas emissions. The states included in this initiative are Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.
In addition, the Clean Energy Finance and Investment Authority which was hit initially as well relies on money from utility ratepayers as well as private investment to finance solar and other alternative energy projects. Governor Malloy and legislative leaders transferred their funds to the general fund, however, they have found a way to restore the funds to the Authority at this point. This was a first effort at diverting money from this important program and they hope they are not at risk of that again in the future.
CL&P Rate Increase Request Cut
New Britain, CT - 6/30/10 - State regulators have cut a revenue increase request by Connecticut's largest electric utility by nearly $76 million, effectively cutting electricity customers' bills.
The Department of Public Utility Control on Wednesday said it approved an increase of $63.4 million this year for Connecticut Light & Power and $38.5 million next year, a total of about $102 million. The subsidiary of Northeast Utilities requested increases totaling $177.6 million for the two years.
Due to the expiration of an assessment and changes in other rates effective Jan. 1, state regulators said customer bills will likely decline to about $130 a month in January 2011 from $141 a month last year. CL&P, which serves 1.2 million customers, said regulators did a good job balancing the needs of customers, the company and others.
Rell Vetoes Energy Reform Bill
Republican Gov. M. Rell vetoed an energy reform bill Tuesday that caused a significant amount of controversy as it weaved its way through the process in the waning days of the legislative session. The bill reorganized the Department of Public Utility Control, sought a 15 percent drop in electricity rates, set goals for expanding solar power, created a low-income electricity rate, and imposed new regulations on retailers.
In her veto message Rell objected first to the content of the bill and second to the process. “The legislation, as well-intentioned as it is, would likely result in higher utility bills for consumers and, at time when taxpayers simply cannot afford bigger government, creates another state bureaucracy,” Rell said in a press release..