Attorney General William Tong released the following statement regarding the request filed today with the Public Utilities Regulatory Authority by Yankee Gas seeking a $209 million rate hike. The request would raise revenue for the company by 29 percent, with major impact to residential customers. Residential customers who use gas to heat their homes would see bills rise by 43 percent. Yankee Gas is owned by Eversource.
“Read the room, Eversource. Connecticut families are fed up with sky high energy costs and can’t afford this massive increase. This is yet another tone-deaf slap in the face from our out-of-touch public utilities. You don’t have to be a lawyer to see some basic obvious overreach in this filing. They’re asking for profits that are completely out of whack with other public utilities, including tacking on a non-starter ‘regulatory risk premium’ to account for the fact that our public utilities don’t like oversight and accountability. I’m going to comb through every page of this application and will be there at every single step of these proceedings to fight for Connecticut families,” said Attorney General Tong.
Yankee Gas has 222,800 residential customers, 28,000 commercial customers, and 1,500 industrial customers across 85 towns in Connecticut.
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The above press release was originally published by the Office of Attorney General William Tong. You can read the full article here.
