AARP Comment on PURA’s Decision to Yankee Gas Services Company’s Request to Amend Rate Schedule

AARP Connecticut issued the following statement regarding the final decision by the Connecticut Public Utility Regulatory Authority (PURA) to Yankee Gas Services Company’s application to amend its rate schedule (PURA Docket No. 24-12-01).

“The decision in the Yankee Gas rate case is a much better outcome than what was requested by the company,” said John Erlingheuser, AARP Connecticut Senior Advocacy Director. “While PURA set the return on equity at 9.32%, a figure that is significantly less than Yankee Gas originally requested, it also reduced the revenue requirement for the Company to 12% less than the Company’s proposal.”

The decision by PURA still results in an average increase of approximately $15 per month in distribution charges on customer bills.

Erlingheuser added, “The added cost comes at a time when many residents are already grappling with the pressures of inflation, higher living expenses, and consistently increasing electric rates.”

Over 2,000 ratepayers in Yankee Gas Service Company’s territory signed AARP’s petition opposing the rate increase proposal. AARP encourages the new members being seated on PURA to put ratepayer impact at the forefront of all future utility rate increase requests.