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Small Business Funding

UI electric company seeks rate increase [Video]

While UI said the action is needed due to a funding deferral from PURA in 2023, Attorney General Tong called the request “tone deaf” and a “revenue grab.”

CONNECTICUT, USA — United Illuminating, or UI, is seeking to increase their revenue by $105 million, which Connecticut officials said Monday will increase customer electric rates.

State officials said the electric company filed a notice about the rate hike Monday with the Public Utilities Regulatory Authority, which they said will increase electric bills by an average of 9.3%, with a 34% rise in distribution rate.

According to a UI spokesperson, the revenue increase will be used to support 200 major infrastructure projects, primarily in disadvantaged and Environmental Justice communities. They claim the request is a result of “PURA’s choice to defer the necessary funding” in 2023.

“UI’s one-year rate proposal is approximately representative of the differential between UI’s previous rate request in 2022 ($131 million in …

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