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Yankee Gas asks PURA to correct depreciation and gross‑earnings tax math errors it says understate revenue requirement
Summary
In oral argument on Jan. 27, counsel for Yankee Gas (doing business as Eversource) asked the Public Utilities Regulatory Authority to correct two computation errors in its Nov. 2025 final rate decision — a depreciation composite‑rate mismatch and a gross‑earnings tax (GET) allocation — which the company says together reduce its allowed revenue by several million dollars.
Yankee Gas Services Company, doing business as Eversource Energy, told the Public Utilities Regulatory Authority on Jan. 27 that the agency’s November 2025 final decision contains two mathematical errors that, if corrected, would increase the utility’s approved depreciation and gross‑earnings tax (GET) allowances.
Attorney Vincent Pace and revenue director Garrett Murray said PURA used a composite depreciation rate based on December 31, 2023 plant proportions but applied that composite to plant balances approved as of May 31, 2025. “The authority’s final decision results in approximately, $2,500,000 deficiency in the company's approved revenue requirements,” Murray told commissioners, and the company…
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