CT utility regulators uphold millions in fines against Eversource, UI
Jul. 15—NEW
The final ruling by the Public
The original ruling in the case was handed down
It wasn't immediately clear Wednesday why PURA commissioners chose to slightly reduce the fines against the two companies. But in issuing the agency's ruling, PURA Chairwoman
State Attorney General
"Eversource failed its customers and put
Regulators' ruling states explicitly that the fines are to be paid by the companies and not their customers.
"Time and time again our employees work tirelessly to restore power as quickly as possible and support our customers and communities when outages occur," Gross said. "We cannot control the weather, or the damage that is caused by falling trees and vegetation when storm damage occurs. Our focus now is on the future and assuring that our emergency response efforts are intensive and that our employees are safe and secure in doing their jobs on behalf of our customers and communities."
"We'll continue working closely with PURA toward our shared goals of safe, affordable and reliable service for our customers," Millerick said.
Eversource and UI had filed appeals in early June regarding an element of PURA's May draft decision, which, in addition to the fines, reduced the utilities' return on investment. In Eversource's complaint, filed as part of the company's appeal, attorneys for the utility noted that PURA reduced the utility's return on equity by 90 basis points for an indefinite period of time, which translates into an ongoing financial penalty of roughly
UI's return on investment was reduced by 15 basis points. Both penalties remain intact, said
Editor's note: This story has been updated to correct the name of PURA Chairwoman
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