Today, Senate President Pro Tempore Martin Looney (D-New Haven) and Senate Majority Leader Bob Duff (D-Norwalk) released the following statement regarding proposed electric rate hikes:
“Eversource has doubled its stock price in the past 10 years and Avangrid posts billions of dollars in profit each and every year. It never ceases to amaze us how quarterly shareholder dividends and multi-million dollar CEO payoffs are always paid on the backs of consumers, no matter what the circumstances, no matter what the profits, no matter what the payouts. Eversource and Avangrid have failed their customers and we will explore every available avenue to oppose these rate hikes. We cannot expect these profit driven, out-of-state companies to do what’s right for Connecticut residents.”