Energy

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

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