Please do not leave this page until complete. This can take a few moments.
The Public Utilities Regulatory Authority announced Wednesday it has recovered $9.4 million for Connecticut ratepayers who were overbilled by electricity suppliers.
In a statement, the agency said it investigated allegations that certain third-party electricity companies did not provide information about future rate changes to utilities, resulting in some ratepayers being charged more than the amount displayed on their monthly electricity bill. The probe, which started in late 2018, ultimately determined there was “reason to believe” several electricity suppliers had violated regulations by failing to communicate updated rate cycles in a timely manner.
PURA promised amnesty from civil penalties to any supplier willing to self-report those violations up to Jan. 28, 2019 and provide refunds to affected customers. A total of 25 companies opted to accept that offer, and 22 submitted amnesty plans.
The participating electricity suppliers initially offered around $4 million in customer bill credits, but regulators said they audited data from the amnesty plans and worked with the suppliers to boost that figure to $9.4 million.
Bill credits for affected customers have been in the process of being applied to monthly power bills since mid-2020, and will continue through the rest of this calendar year, PURA said. The agency did not say exactly how many ratepayers are now receiving those credits.
Electricity suppliers that did not take part in the amnesty process may still be subject to an investigation and possible fines, according to regulators.
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Learn moreHartford 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.
SubscribeDelivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
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 Greater Hartford and the State ... All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments