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The Public Utilities Regulatory Authority has approved utilities’ proposal to allow ratepayers to pay for significant capital purchases through financing on their electric or natural gas bills.
This on-bill financing is a key tool in Gov. Dannel P. Malloy’s proposed $7 billion expansion of the natural gas home heating system, which will require homeowners to buy new heating equipment and pay for hook-ups.
The idea is to have homeowners offset the capital costs with the savings they could achieve by switching to natural gas.
The concept was approved in the Connecticut’s legislature, so PURA’s approval was a formalizing of the utilities’ plan on how to implement it.
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The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
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