The Connecticut Public Utilities Regulatory Authority (PURA) on Wednesday issued a final decision that not only rejected Aquarion Water Company’s proposed distribution rate increase, it also reduced current customer rates, effective immediately. — from a PURA announcement and public documentsPURA’s action will decrease the average residential customer’s total bill by about $67 per year. Chairman Marissa P. Gillett and Commissioner Michael A. Caron voted to approve the decision, Vice Chairman John “Jack” Betkoski III dissented. Aquarion had requested an approximately $37 million increase in distribution revenues and a 10.35% ROE. In August 2022, Aquarion submitted an application that requested PURA approval to amend the company’s existing rate schedules.

Source: Wall Street Journal March 19, 2023 03:23 UTC