How a $500 million cut in Eversource spending could affect people in Connecticut

Coming off a year in which it rang up more than $1.1 billion in capital expenses in Connecticut, Eversource is now serving notice it will prune that amount by $100 million a year amid continuing rancor with state regulators and lawmakers. With major projects underway already in many parts of the state that have taken years to plan, it is anyone’s guess how that decision will cascade into the Connecticut grid and all the extra little touches that work requires — along with any accompanying impact on jobs for the external contractors that Eversource hires for some of the work. Eversource is the dominant utility company in Connecticut, providing electricity to some 1.27 million customers in all but 20 cities and towns. The company also meters water through its Aquarion subsidiary it is now looking to sell, and natural gas in portions of Connecticut.

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