The state’s utility regulator has issued draft decisions imposing $75 million in cuts on two natural gas utilities, which their parent company, Orange-based Avangrid Inc., says will cause infrastructure upgrades to be deferred and lead to higher prices for customers. Last week, the Public Utilities Regulatory Authority (PURA) issued a draft decision in a rate case for utility companies Connecticut Natural Gas (CNG) and Southern Connecticut Gas (SCG), reducing each company’s revenue by more than $35 million. CNG requested a 4.46% increase in revenue, which it said would fund “essential reliability and resiliency projects across its service area.” For SCG, PURA set the company’s revenue requirement at $399.4 million, which is $36.6 million less than the utility’s current level, or an 8.4% decrease.
https://www.hartfordbusiness.com/article/ct-natural-gas-utilities-call-state-regulators-proposed-cuts-totalling-75m-unprecedented