State regulators, in a draft ruling, have reduced the permanent rate increaseproposed by Connecticut Light and Power, slashing the number from $221 million to about $130 million. It’s big news in the ongoing controversy over the energy company’s plan to increase electric rates.
But last month, the Public Utilities Regulatory Authority did approve asix-month rate increase, meaning some Connecticut Light and Power customers could see their bills go up by as much as $18 a month between January and June.
Meanwhile, reports indicate that CL&P's parent company, Northeast Utilities, has enjoyed a pretty successful year on Wall Street, leading many to wonder what’s really driving the rate increases.
This hour, we sit down with some CL&P reps to try to answer some of our electricity questions.
A little later on, we also get the latest on Herbalife. The global nutrition company has created quite a stir in Connecticut. We hear from some distributors who say the company has changed their lives for the better -- and some others who disagree.
GUESTS:
- Mitch Gross - Spokesman for CL&P and Yankee Gas
- Enoch Lenge - CL&P's energy efficiency expert
- Mary Sanders - Executive Director of the Spanish Speaking Center of New Britain
- Marco Gonzales - Senior Director of Corporate Communications for Herbalife North America
Chion Wolf contributed to this show.
