Connecticut House Bill HB05630

Connecticut 2023 Regular Session

• Introduced: 1/18/23
• Refer: 1/18/23

Caption

An Act Requiring The Public Utilities Regulatory Authority To Consider Certain Factors In Electric, Gas And Water Rate Amendment Proceedings.

Impact

By mandating the consideration of macroeconomic conditions, compliance with existing regulations, and the burden of energy costs relative to household income, HB 5630 seeks to create a more transparent evaluation process for utility rates. This could lead to more balanced rates that take into account not just the operational needs of the utility companies, but also the financial realities facing consumers. The bill implies a shift towards greater scrutiny of utility rate requests, promoting accountability in how public service companies conduct their business.

Summary

House Bill 5630 requires the Public Utilities Regulatory Authority (PURA) to consider a set of specified factors during rate amendment proceedings for electric, gas, and water service companies. This legislative action is intended to ensure that rate adjustments reflect current economic conditions and the impact these rates have on residential consumers. The focus on specific criteria aims to produce more equitable and informed decisions regarding utility rates, benefitting consumers who may be struggling with energy costs.

Contention

The introduction of this bill signifies an ongoing debate over the balance between the financial viability of utility companies and the economic pressures faced by consumers. While supporters of HB 5630 argue that it equips PURA with necessary tools to protect consumer interests, opponents may view it as a potential hindrance to the operational autonomy of utility companies. Controversies may arise during discussions regarding which specific factors should be prioritized during rate reviews, and the potential for this bill to influence existing regulations governing the utilities sector.