Despite Pushback from Eversource, PURA Considers Cut to Company’s Rate of Return

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PURA’s Office of Education, Outreach and Enforcement is proposing a significant cut to Eversource’s allowed rate of return on equity, saying the cut would save residential Eversource customers about $93 million a year.  Based on the testimony of Aaron Rothschild, a Ridgefield-based financial consultant who has testified on utility rates of return since 2002, the proposal to cut Eversource’s rate of return from 8.95 percent to about 7.17 percent has drawn support from Attorney General William Tong, the Department of Energy and Environmental Protection and the Connecticut Industrial Energy Consumers.  But Eversource says what customers save now, they’ll lose in

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A Will But Not a Way for Lamont’s Transportation and Climate Initiative

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A program that would increase gas prices and raise revenue for projects to reduce pollution from fuel-burning vehicles became one of the most contentious issues in Hartford as the legislative session came to a close last month — and while the legislature is signaling the plan has limited support, it’s not a fight the administration of Gov. Ned Lamont is ready to give up. The Transportation and Climate Initiative, or TCI, would force fuel wholesalers to buy allowances for the amount of pollution generated by their fuel, which proponents say would generate a game-changing $1 billion over 10 years for

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Testimony Due by March 24 for Hearing on 75-Acre Solar Array in Waterford

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NEW BRITAIN — The Siting Council has set March 31 for a field review, hearing and public comment concerning a reopened application for a 15.3-megawatt, 75-acre solar array project on 117 Oil Mill Road in Waterford.  Melanie Bachman, executive director of the council, led a pre-hearing conference at the Siting Council offices on Tuesday for a revised proposal by GRE Gacrux LLC, an affiliate of Middletown-based Greenskies Renewable Energy LLC. In 2018, the council rejected a larger version of the project, a 16-megawatt, 98-acre array with 55,692 panels. The revised proposal is to construct 45,976 panels on the site. The council

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Vineyard Wind Biologist Talks Common Ground with Fishing Industry

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NEW BEDFORD — With about 20 years of experience on the seas, Crista Bank has worked in academia as a fisheries biologist, conducted research with commercial fishermen, earned her 100-ton U.S. Coast Guard captain’s license, journeyed across the globe aboard traditional sailing vessels and taught marine science in New England, Southern California and the Florida Keys. In May 2018, she became a fisheries liaison for Vineyard Wind, an offshore wind developer based in New Bedford where she grew up and now lives. The company has two projects in the works — Vineyard Wind I, a 800-megawatt project off the coast

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Letter: Offshore Wind in New London – If not Here then Where?

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As a resident of New London county and electric utility professional, I found the recent Port of New London development meeting and discussion invigorating. It was great to hear everyone’s perspective.  My wife and I have lived in New London county since 1986 when I started with Electric Boat and my wife with Lawrence and Memorial Hospital. In 1990, I transitioned to work in the power industry which included work at a large generation site, with the local electric utility, and now with an engineering consulting company. My wife continues to work in New London as a school nurse. We

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