UI Sandy Cost: $35- $40 million - NBC Connecticut

UI Sandy Cost: $35- $40 million



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    People walk near a storm-damaged home along the waterfront in the aftermath of Sandy on Tuesday, Oct. 30, 2012, in Milford, Conn. Sandy, the storm that made landfall Monday, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/The Connecticut Post, Brian A. Pounds) MANDATORY CREDIT

    Officials from United Illuminating's parent company said the cost to restore power after  Superstorm Sandy is between $35 million and $40 million and the company is going to ask ratepayers to pay it through a request to Connecticut regulators.

    UIL Holdings Corp. outlined the cost estimates in a federal regulatory filing prior to a presentation by James Torgerson, president and chief executive, at an industry conference in Phoenix on Tuesday.

    UIL said about 40 percent of its costs were for damaged poles, wires and other equipment along Connecticut's battered shoreline. The remainder was for salaries, fuel for trucks and other operating expenses related to restoring power.

    The cost is higher than for all storms combined between 2009 and June 30 of this year, which UI said totaled $26.1 million.

    The state's largest utility, Connecticut Light & Power, has not publicly estimated its storm costs.