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PURA finds 2023 renewable portfolio shortfalls; more than $27 million in compliance payments assessed
Summary
The Public Utilities Regulatory Authority adopted a decision finding multiple electric suppliers and the two distribution companies short on Connecticut's 2023 renewable portfolio standard, assessing over $27 million in alternative compliance payments and setting deadlines for payment receipts and deposits.
The Public Utilities Regulatory Authority on March 12 adopted a decision in Docket 240601 finding that multiple electric suppliers and the state's two electric distribution companies did not fully meet Connecticut's Renewable Portfolio Standard (RPS) for calendar year 2023 and assessed more than $27 million in alternative compliance payments (ACP).
The decision, presented by authority staff attorney Kate Keenan, found that 40 companies (38 electric suppliers and the two electric distribution companies) served an aggregated Connecticut load of approximately 24,600,000 megawatt-hours in 2023. Of those, 27 companies satisfied RPS requirements in the classes for which…
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