Aquarion 2023
Average CT Water Bill Just Went Down; Utilities Commission Creates Price Tiers for Homes to Encourage Conservation
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The Connecticut Public Utilities Regulatory Authority (PURA) on Wednesday issued a final decision that not only rejected Aquarion Water Company’s proposed distribution rate increase, it also reduced current customer rates, effective immediately. — from a PURA announcement and public documents
PURA’s action will decrease the average residential customer’s total bill by about $67 per year. The PURA commissioners voted 2-1 Wednesday to approve the decision. Chairman Marissa P. Gillett and Commissioner Michael A. Caron voted to approve the decision, Vice Chairman John “Jack” Betkoski III dissented. Under the decision, PURA approves an annual revenue requirement for Aquarion in the amount of $195,561,690 in base rates for the rate year that started March 15, 2023, and a return on equity (ROE) of 8.70%.