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PURA adopts interim RAM adjustments for Eversource and United Illuminating; approves $100M CTA offset, commissioner urges larger storm-cost mitigation
Summary
PURA adopted interim adjustments to annual rate-adjustment mechanisms for Eversource (Connecticut Light & Power) and United Illuminating, estimating rate decreases tied to bond funding and favorable PPA outcomes and approving a one-time $100 million CTA offset for storm-cost liability; Commissioner Everett Smith urged a larger $250 million offset to better mitigate long-term rate impacts.
The Public Utilities Regulatory Authority on April 22 adopted interim decisions adjusting the rate-adjustment mechanisms (RAM) for Connecticut Light and Power (Eversource) and United Illuminating for the 05/01/2026—04/30/2027 rate year.
John Norton, presenting both decisions, said the authority adjusted components including the non-bypassable federally-mandated congestion charge (NBFMCC), system benefits charge (SBC), transmission adjustment clause (TAC) and the revenue decoupling mechanism, and performed prudence-oriented reviews to set RAM…
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