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Eversource asks PURA for ‘enabling order’ and cost‑recovery tools to speed smart‑meter rollout
Summary
Eversource told the Public Utilities Regulatory Authority that an expedited Advanced Metering Infrastructure deployment in Connecticut requires a companion cost‑recovery framework — including a reconciling tracker, deferral for one‑time O&M and possible securitization — and asked PURA to clarify its December 2024 decision before the utility proceeds on a five‑year timetable.
Eversource representatives told the Public Utilities Regulatory Authority on Feb. 18 that the company needs regulatory clarification and a tailored cost‑recovery mechanism to proceed with a planned statewide Advanced Metering Infrastructure (AMI) rollout on an accelerated, roughly five‑year schedule.
Company witnesses and counsel described three principal obstacles they said are embedded in PURA’s Dec. 4, 2024 decision: language that could prevent recovery of much of the forecast incremental O&M during deployment, an interpretation of prudence that ties recovery to post‑implementation outcomes, and an implementation schedule the company says is no longer realistic. Vincent Pace, Eversource counsel, and Doug Horton, the company’s senior vice president for regulatory and strategic financial planning, said the combination creates unacceptable commercial and regulatory uncertainty for an investment the company repeatedly…
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