Bill > SB00317

This bill directs the Public Utilities Regulatory Authority (PURA), which is Connecticut's regulatory agency overseeing utility companies, to lower the allowed return on equity (ROE) for electric distribution companies. Return on equity is the percentage of profit a company is permitted to earn on its invested capital, which directly impacts the rates charged to customers. By reducing this rate, the bill aims to decrease electric utility costs for ratepayers (utility customers). The proposed change is intended to provide financial relief to consumers by limiting the profit margins of electric distribution companies. While the bill does not specify the exact percentage of ROE reduction, its primary goal is to create a mechanism for lowering electricity costs through regulatory intervention in utility company earnings.

Transportation and Infrastructure

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00317&which_year=2025