Marissa Gillett Credit Yehyun Kim ctmirror.org A Hartford paper on Wednesday led with a story titled “ A grim outlook for more utilities .” The utilities in Connecticut are energy distributors, not energy producers. Their operations are overseen by PURA, the Connecticut Public Utility Regulation Authority. “Overseen” certainly is too weak a word. PURA exercises life and death powers over Connecticut utilities because the oversight agency, under the direction of PURA Chairman Marisa Gillett, is able to deny energy distributers cost increases that, like all business taxes, are passed along to its customers – virtually everyone in Connecticut. Three principal rating agencies have downgraded Connecticut’s energy distributors and, as the paper headline suggests, this news is “grim” for both energy consumers and energy distributors. A rating downgrade increases prices because it increases the cost of borrowing money. Companies borrow money t...
go home from us in peace. We seek not your counsel or your arms. Crouch down and lick the hand that feeds you;
may your chains set lightly upon you, and may posterity forget that ye were our countrymen!"
--Samuel Adams