Tag: ferc
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Connecticut Officials Oppose NextEra-Dominion Merger Over Energy Cost Concerns
Connecticut Governor Lamont and Attorney General Tong are challenging the NextEra-Dominion merger, fearing it will raise energy costs for families and businesses. They argue the $67 billion deal creates a near-monopoly on New England's nuclear power.
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsEconomyEnergyLegalEnvironment NextEra EnergyDominion EnergyConnecticutEnergy CostsUtility MergerNuclear PowerFERCConnecticut Governors Office
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Connecticut Seeks to End Utility "Bonus" Transmission Profits, Files FERC Complaint
Connecticut agencies filed a complaint with FERC to end "bonus" transmission charges by Eversource and United Illuminating. This action, following a 2025 law, aims to save ratepayers $4.5 million annually by removing unjustified profits for mandatory utility participation.
Politics and GovernmentBusinessLaw EnforcementState GovernmentsEconomyLegalEnergyGeneral Politics ConnecticutFERCEversource EnergyUnited IlluminatingTransmission RatesRatepayersEnergy PolicyConnecticut Governors Office
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New England Governors Urge FERC to Reject Utility Profit Hike
New England governors, led by Connecticut's Ned Lamont, jointly urged FERC to reject a proposed profit increase for transmission owners. They argue the 11.39% return on equity would unfairly burden ratepayers and hinder economic competitiveness, following a recent order for…
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentState GovernmentsEconomyEnergyLegal New England GovernorsFERCElectricity TransmissionRatepayersUtility ProfitsConnecticutEnergy PolicyConnecticut Governors Office