HARTFORD—State regulators have announced cutbacks to a proposed rate increase from Connecticut Light & Power (CL&P). The proposed rate increases have been reduced from $221.1 Million to $130.2 Million.
“I’m pleased the state regulators sought to keep the rate increase low,” State Senator Joe Markley (R-Southington) said in a press release. “This is a step in the right direction and shows that when people are upset they do have a voice. Despite the victory, many of our residents still can’t afford this increase, which is why we need to work as a state at lowering the cost of electricity.”
Markley said that he will be submitting legislation next session that would require future rate hikes in excess of ten percent to come before the General Assembly for approval.
“We’ve taken ourselves out of the process, and I’m afraid that’s a mistake,” he said. “I’d like to find a way for us as legislators to protect citizens from back-breaking rate increases.”
The draft decision is scheduled to be finalized Dec. 17.