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PURA holds evidentiary hearing as Eversource seeks to securitize $2018–2023 storm costs
Summary
The Public Utilities Regulatory Authority convened an evidentiary hearing on Eversource Energy’s request to securitize storm‑related costs from 2018–2023. Eversource presented seven filings covering 53 storm events and hundreds of thousands of invoice pages; regulators and interveners pressed the company on definitions, accounting classifications and invoice controls.
The Public Utilities Regulatory Authority convened an evidentiary hearing to take testimony and cross‑examination on docket 251213, Eversource Energy’s application to securitize storm restoration costs dating from 2018 through 2023. Interim Chair Tom Wheel opened the proceeding and asked parties to identify appearances. Eversource’s counsel introduced an 11‑witness panel that was sworn before a company presentation of the record.
Cassandra Dixon, director of regulatory projects and compliance for Eversource, told the authority the company had filed seven substantive submissions and produced an extensive supporting record: “we submitted a total of seven substantive filings … for 53 storm events from 2018 through 2023,” she said, and described 1,700…
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