Your lights aren’t going to cost your more than they already do.
The United Illuminating Co. wanted to raise your rates by 4.1 percent hike they wanted but that’s not going to happen.
Connecticut regulators denied the company. It turns out that the case they made that they need more money in 2009 wasn’t strong enough to prove to convince regulators they need it more than you do.
The increase would have given the company an extra $51 million this year. Department of Public Utility Control commissioners turned it down Wednesday and set the company's return on equity rate at 8.75 percent.
Commissioners said the average UI residential customer would see no change in their bills.
New Haven-based United Illuminating serves more than 320,000 customers in the New Haven and Bridgeport areas. A UI spokesman said company officials can't comment on specifics of the ruling yet because they're still reviewing it, but they still believe the rate increase was needed.
