Attorney General William Tong has voiced strong opposition to a recent request by Yankee Gas for a $209 million rate increase. The proposal, submitted to the Public Utilities Regulatory Authority, aims to boost the company's revenue by 29%, significantly affecting residential customers who rely on gas for heating. If approved, these customers could see their bills rise by 43%. Yankee Gas is a subsidiary of Eversource.
Attorney General Tong criticized the proposal, stating: “Read the room, Eversource. Connecticut families are fed up with sky-high energy costs and can’t afford this massive increase. This is yet another tone-deaf slap in the face from our out-of-touch public utilities.” He further commented on what he perceives as an overreach in the filing: “They’re asking for profits that are completely out of whack with other public utilities, including tacking on a non-starter ‘regulatory risk premium’ to account for the fact that our public utilities don’t like oversight and accountability.”
Tong assured residents of his commitment to scrutinize every aspect of the application process. “I’m going to comb through every page of this application and will be there at every single step of these proceedings to fight for Connecticut families,” he added.
Yankee Gas serves 222,800 residential customers, along with 28,000 commercial and 1,500 industrial customers across 85 towns in Connecticut.