United Illuminating (UI) has proposed a 30%+ increase to their electric distribution charges to you, the ratepayer, over the n
ext three years. The proposal also allows UI to increase its profits with a higher return on equity and a new “earnings sharing mechanism” giving the company’s shareholders an opportunity to earn even higher returns via an automatic revenue retention plan.
AARP Connecticut is urging residents to use their power and take action by attending an upcoming public hearing:
• Thursday, Sept. 8, at 6:30 p.m. at Bridgeport City Hall on 45 Lyon Terrace in Bridgeport
• Monday, Sept. 12, at 6:30 p.m. at Kennedy Mitchell Hall of Records on 200 Orange Street in New Haven (Hearing Room G2)
You can ensure your voice is heard even if you are unable to attend a hearing by contacting the state’s Public Utilities Regulatory Authority (PURA) and tell them to reject the unfair and unreasonable rate request by UI.
In a merger agreement with a Spanish company, UI agreed to freeze on their rates through December 31, 2016 and their customers received a $9.4 million bill credit in March 2016.
However, UI has now requested regulators approve a $100 million rate increase only three months after this credit.
We are encouraging you to join us in challenging this utility rate increase proposal in order to ensure utility companies receive only what is fair and reasonable – so you can keep more of the money you’ve earned.