Wednesday, November 29, 2006

UI Seeks Rate Hike in CT

The New Haven Independent:

While most people headed home for the holidays on Thanksgiving Eve last Wednesday, United Illuminating -- at the end of the work day -- released the details of the rate increases it's seeking from state regulators as of Jan. 1. The utility, which sends electricity to 300,000 customers in Greater New Haven and Bridgeport, wants to raise rates for residential customers an average of 38 percent, for businesses, an average of 50 percent.

Connecticut Attorney General Richard Blumenthal called the proposed hike a "tsunami."

But it seems likely that state regulators, at the Department of Public Utility Control, will approve the request when they meet on Dec. 8.