Eversource's Storm Cost Recovery Reduced by $500 Million
WHO:
CT Mirror - Eversource, Public Utilities Regulatory Authority (PURA), Attorney General William Tong
WHAT:
Inside Investigator - PURA approved $861 million in Eversource storm costs, but commissioners warned these costs shouldn't be allowed to build up over years.
WTNH - Eversource had requested rate increases to cover $1.3 billion in storm recovery costs.
CT Mirror - Regulators agreed to allow Eversource to recover about $500 million less than the amount the utility requested for storm costs.
WTNH - Eversource will recover over $800 million in deferred storm restoration costs.
WTNH - PURA rejected Eversource's attempt to charge customers hundreds of millions of dollars in retrospective carrying charges.
WHERE:
WTNH - Hartford, Connecticut
WHEN:
WTNH - The decision by PURA was finalized on a Wednesday.
WHY:
WTNH - PURA found that Eversource incurred approximately $800 million in deferred storm restoration costs.
HOW:
WTNH - The decision was made in a unanimous vote by the Public Utilities Regulatory Authority.
(UPDATED July 30, 2026 13:32 UTC)
PURA has approved $861 million in storm costs for Eversource, but the commissioners have cautioned that these expenses should not accumulate over the years. This decision highlights ongoing concerns about managing utility costs effectively. The approval comes as part of an effort to ensure that consumers are not burdened with rising costs in the future.
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(UPDATED July 30, 2026 09:45 UTC)
Eversource has requested rate increases to cover a staggering $1.3 billion in storm recovery costs. This move comes as the utility company seeks to address the financial impact of recent severe weather events. The request is currently under review, and customers are awaiting further details on how this might affect their bills.
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(UPDATED July 30, 2026 00:18 UTC)
In a significant decision, the Public Utilities Regulatory Authority, or PURA, has unanimously agreed to allow Eversource to recover over $800 million in deferred storm restoration costs, but they will receive about $500 million less than what the utility initially requested for those expenses. Additionally, PURA rejected Eversource's proposal to charge customers hundreds of millions of dollars in retrospective carrying charges. This ruling was finalized on a Wednesday in Hartford, Connecticut, following a thorough review of the utility's storm-related costs.