“Eversource Energy is asking Connecticut lawmakers to authorize $700 million in borrowing to blunt the impact of losses from Tropical Storm Isaias, the COVID-19 pandemic and the rollback of a recent rate increase.
The securitization pitch to Gov. Ned Lamont and select lawmakers comes a week before the General Assembly is expected to convene a special session on bipartisan legislation requiring regulators to devise a new system of performance-based rate-setting.
“No shot,” Rep. David Arconti, D-Danbury, co-chair of the legislature’s Energy and Technology Committee, said of the Eversource proposal. “For them to even offer that at this time is a joke.””
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Pazniokas, Mark. My Record Journal 17 September 2020.