Connecticut Senate Bill SB00728

Connecticut 2015 Regular Session

• Introduced: 1/23/15
• Refer: 1/23/15

Caption

An Act Requiring The Public Utilities Regulatory Authority To Develop Policies, Practices And Procedures To Lower Electric Rates.

Impact

The introduction of SB00728 has the potential to translate into legislative changes that impact existing laws governing electricity rates and utility regulation. If enacted, this legislation would empower the Public Utilities Regulatory Authority to take a more active role in determining and potentially reducing rates, leveraging various policy mechanisms. The objective is to strike a balance between ensuring fair rates for consumers while maintaining reasonable returns for electric utilities, inevitably transforming the landscape of utility management in the state.

Summary

SB00728, introduced by Senator Kelly, aims to mandate the Public Utilities Regulatory Authority to create and implement strategies to lower electric rates for residential consumers. The bill is positioned as a proactive measure to address the financial burden of electricity costs on households. Its proponents advocate that lowering electric rates can have significant positive implications for consumer spending and overall economic health, enabling families to allocate more of their resources towards other essential needs.

Contention

Despite its supportive outlines, SB00728 may face opposition centered on concerns about the feasibility of rate reductions without compromising service quality. Critics may argue that aggressive rate caps or reductions could deter utility companies from investing in infrastructure improvements or innovative energy solutions. Thus, the discussion surrounding this bill will likely involve a careful assessment of the economic implications for both consumers and providers, stirring debate about the optimal regulatory frameworks for managing state energy needs.