Thursday, December 29, 2005


natural gas went up, car petrol went up, oil went up now it's our electricity. 22% is a DAMN HIGH increase. they pass a rate increase now (late december) and it goes into effect for JANUARY 1ST? wtf? does anything else get done so quickly? NO the answer is NO

Power Company Gets 22.4 Percent Rate Increase
HARTFORD, Conn. -- The Department of Public Utility Control gave final approval Wednesday to a 22.4 percent rate increase for Connecticut Light & Power customers.

The electric company's 1 million customers will see their rates increase 17.5 percent on Jan. 1 and another 4.9 percent in April.
Bills for the average residential customer using 700 kilowatt hours per month will climb by $23.40 once the entire increase takes effect.

The company will use about $40 million it has saved to offset the rate increase for the first three months.
Commissioners said they regretted approving the increase, but their hands were tied.
"It never is easy to vote for an increase of rates on Connecticut citizens," said vice chairman Jack Goldberg, adding that the increase is necessary to ensure that there is enough power and avoid rolling blackouts.
The company sought the higher rate to cover increased prices for electricity due to global spikes in fossil fuel prices and other factors.........

No comments: