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Eversource Surges on Plans to Shed Water, Offshore-Wind Assets

Eversource Surges on Plans to Shed Water, Offshore-Wind Assets

by Joelyn Leon | Feb 15, 2024 | Uncategorized

Eversource Energy surged the most in almost four years after announcing plans to exit the offshore-wind and water businesses, moves aimed at refocusing on its core business of delivering electricity and natural gas to customers in the US Northeast. The Springfield,...
Eversource Surges on Plans to Shed Water, Offshore-Wind Assets

‘Cash coming in the door’: Eversource says potential sale of Aquarion would help alleviate cash flow issues

by Joelyn Leon | Feb 15, 2024 | Uncategorized

Chief Financial Officer John Moreira blamed the Public Utilities Regulatory (PURA) for the company’s cash flow issues, saying the regulatory agency’s new methodology has prevented it from recovering $800 million related to supply costs and arrearages. PURA no longer...
Eversource Surges on Plans to Shed Water, Offshore-Wind Assets

Construction begins on controversial solar project in Torrington, Litchfield

by Joelyn Leon | Feb 15, 2024 | Uncategorized

Residents are opposing a solar project as trees are being removed and open fields are transformed into an access road and clearings for more than 51,000 panels. The project, which is owned by Silicon Ranch and sits on 212 acres in Litchfield and Torrington, was...
Eversource Surges on Plans to Shed Water, Offshore-Wind Assets

Opinion: Developers cry a river over having to pay CT residents fair wages

by Joelyn Leon | Feb 14, 2024 | Uncategorized

Post Road Residential is angry that, by accepting a brownfield remediation grant from DECD, they are required to ensure the construction workers hired to perform work on their development project would earn not less than our state’s prevailing wage. They’re apparently...
Eversource Surges on Plans to Shed Water, Offshore-Wind Assets

‘It has really gotten out of hand’: wage theft rampant in US construction

by Joelyn Leon | Feb 14, 2024 | Uncategorized

Wage theft is a pervasive problem facing workers throughout the US. According to a 2014 report by the Economic Policy Institute, workers lose over $50bn a year to wage theft from employers. Wage theft includes tactics from stiffing workers on pay, failing to properly...
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The Foundation for Fair Contracting of Connecticut (FFC) is a non-profit organization that promotes fairness and accountability in public works construction. Since 1994, we’ve worked to enforce prevailing wage laws, ensure proper worker classification, and support compliance with state standards to protect workers’ rights and help contractors follow the rules.

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