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PURA approves $802.2 million annual revenue for Yankee Gas, orders $40.2 million in refunds; rejects multiyear rate plan
Summary
The Public Utilities Regulatory Authority on Nov. 5 approved an annual revenue requirement of $802,243,643 for Yankee Gas Services Company, doing business as Eversource Energy, for the rate year Nov. 1, 2025, through Oct. 31, 2026, and ordered $40,218,430 in refunds to ratepayers over the next three years.
The Public Utilities Regulatory Authority on Nov. 5 approved an annual revenue requirement of $802,243,643 for Yankee Gas Services Company, doing business as Eversource Energy, for the rate year Nov. 1, 2025, through Oct. 31, 2026, and ordered $40,218,430 in refunds to ratepayers over the next three years.
Authority staff attorney Keenan told the panel that Yankee Gas filed its application on Nov. 12, 2024 under Conn. Gen. Stat. § 16-19 to amend its rate schedules and that the company provides gas service to more than 252,300 residential, commercial and industrial customers in 85 Connecticut towns. Keenan said the company proposed a 26.8% increase over currently authorized revenues and asked for a 10.3% return on equity;…
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