Avangrid says it’s plan to invest $191M in CT gas companies, UI hinges on legal, regulatory rulings

Orange-based Avangrid, the corporate parent of The United Illuminating Co. as well as Southern Connecticut Gas and Connecticut Natural Gas, is looking to move ahead with $191.6 million in capital investments covering the operations of its utilities in the state. The ability to do that depends on both regulatory decisions and an ongoing legal appeal, company officials say. Sarah Fliotsos, Avangrid spokeswoman, said the company “looks forward to investing as much as we can in Connecticut.” The accounting of Avangrid’s capital investment in Connecticut across its three utilities comes a little over a week after Eversource Energy announced it would immediately halt nearly $100 million per year in investment spending for five years. A total of $152 million was budgeted by UI for capital expenditures on its distribution network in 2024. Because PURA’s ruling failed to fully fund that budget, UI officials cut the expenditure by about 50 percent, leaving about $78 million for infrastructure work in 2024.


Share This Article: