Today, Senate President Pro Tempore Martin Looney (D-New Haven) and Senate Majority Leader Bob Duff (D-Norwalk) released a statement regarding Eversource’s 2022 profit announcement.
“In announcing $1.4 billion in profit, Eversource CEO Joe Nolan gloated that the company ‘completed an excellent year providing dedicated and tireless service to our 4.4 million customers.’ The electricity customers of Connecticut would beg to disagree. While Eversource shareholders and corporate leadership may celebrate increasing profits in 2022, the public Eversource serves has only seen increased prices. We see the people and businesses on the other side of those profits and Eversource’s business practices demonstrate that they are woefully incapable of working for their customers. Additionally, when Eversource touts infrastructure investments the public should remember that the company recoups every penny it puts in and are not an excuse for raising costs. We will continue to increase accountability and oversight of Eversource and all utility companies to ensure customers are put before profits.”