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Connecticut Regulators Propose Slashing CL&P Rate Increase

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Connecticut regulators say that a power utility's request to raise consumer costs by more than $230 million should be cut nearly in half. 

A draft decision issued Monday by the Public Utilities Regulatory Authority reduces the amount sought by Connecticut Light and Power by more than $100 million.

The utility sought the increase in electric distribution rates in part to recover costs associated with major storms in 2011 and 2012. The amount the company was able to seek had been reduced because of penalties for issues in preparing for and restoring service from Tropical Storm Irene and a snowstorm in October 2011.

The utility has defended the rate request for capital improvements in equipment and systems. The increase is to go before PURA's commissioners for a final vote on December 17.

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