NEW BRITAIN, Conn. (WTNH) – If you are a United Illuminating customer your rates are likely going up, but not by as much as UI had hoped. The Public Utilities Regulatory Authority trimmed about $40 million dollars from the rate hike request submitted by UI. On July first, UI requested a rate hike of approximately $66 million in 2017, $20 million in 2018, and $12 million in 2019. The company requested the three year phase in, which would have cost most residential customers about an additional 5% on their bill in each of those three years.
PURA’s decision on the request would increase UI’s revenue $41 million in 2017, $14.4 million in 2018, and $3.4 million in 2019. They say that means the average residential customer will see a rate increase of 2.1% to 2.7% starting in January.
United Illuminating serves about 330,000 electrical customers in the New Haven and Bridgeport areas.