Connecticut Light & Power wants to raise rates to pay for storm costsPosted: Updated:
Months after Superstorm Sandy and four other major storms socked the state in 2011 and 2012, Connecticut Light & Power is asking state utility regulators for its customers to pay for some of the damages.
That's a $462.3 million dollar bill.
CL&P said the storms were some of the most devastating events in Connecticut history "was extraordinary and unlike anything in CL&P history."
"Typically, storms of this magnitude strike years or decades apart, but in 16 months, we experienced four of the company's ten most devastating storms," said Bill Herdegen, CL&P President and Chief Operating Officer. "Responding to Mother Nature's wrath is a necessary, but costly part of the utility business."
Officials with CL&P have asked the Public Utilities Regulatory Authority to approve the recovery of costs associated with five major storms that hit the state since 2011.
The utility company released the following figures with the cost of repairs and the total number of customers restored.
- Nor'easter October 2011 $175.06 1,438,797 customers restored
- Superstorm Sandy 2012 $156.00 856,184 customers restored
- Storm Irene 2011 $111.16 1,024,032 customers restored
- Major Storm June 2011 $ 10.93 209,045 customers restored
- Major Storm Sept. 2012 $ 9.19 80,575 customers restored
The company is only seeking to recover $414 million over the 6-year period. On average, CL&P said if approved, the typical residential customer will pay $3 more per month.
For the Chupron family of Old Lyme shopping for Easter holiday groceries, that still isn't good news.
"I ain't getting no $3 dollar more in kilowatt. I don't know I guess they should find another way of doing it," said Dennis Chupron. "I mean how much more can they raise stuff and we're not making anymore."
According to CL&P, as a regulated utility they're allowed to recover costs associated with such storms.
"Obviously I'd like them to take on that costs. We started to do some things like improving the infrastructure and getting the trees down ahead of time and those kind of things," Kirk Kaczor of Old Lyme. "Now to pay for that after what we've been thru the last couple of years seems a bit harsh."
The CL&P filing is about 600 pages and includes testimony from company officials.
If approved, rates will not change until December 2014.
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