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CL&P, UI to refund $30 million

from Hartford Business Journal

The Federal Energy Regulatory Commission has ruled electric ratepayers will receive a $30 million refund from the parent companies of utilities Connecticut Light & Power (CL&P) and United Illuminating (UI) because of over-payments for transmission charges. FERC reaffirmed, recently, its June decision to lower the return on equity that New England utilities receive from their transmission infrastructure from 11.14 percent to 10.57 percent. more


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