The United Illuminating Co. announced Thursday it will spend $208 million over the next seven years to upgrade 8.1 miles of transmission line between Southport and Bridgeport along the Metro North railroad tracks. Construction is expected to get underway in the third quarter of 2024 and be completed sometime in 2029. The project needs approval from the Connecticut Siting Council, the state agency that oversees the placement of utility infrastructure. Typically, electric utility infrastructure projects like this one are paid for initially by the company securing funding first. Once the project is completed and in service, the utility then goes before state utility regulators to seek to recover its project costs.
https://www.stamfordadvocate.com/news/article/UI-planning-208-million-transmission-line-17218504.php