Connecticut Regulators Slash Eversource Storm Cost Recovery by Over $500 Million
Connecticut regulators have reduced Eversource's storm cost recovery by over $500 million, approving $861 million of the company's request. The Public Utilities Regulatory Authority (PURA) disallowed most of the requested interest on past storm expenses and rejected other costs, such…
Hartford & New Haven, CT, July 29, 2026 —
Connecticut regulators have significantly reduced the amount of storm-related costs that Eversource Energy can recover from customers. The Public Utilities Regulatory Authority (PURA) approved $861 million of the utility’s requested storm cost recovery, disallowing over $500 million of the initial request.
In its decision, PURA disallowed most of the interest Eversource had requested on past storm expenses. The authority also rejected other specific costs submitted by the company, citing reasons such as the combining of unrelated storms, excessive lodging expenses, and the chartering of a private plane.
While a substantial portion of Eversource’s request was denied, the approved amount will be recovered through long-term bonds. PURA stated that this method of recovery is expected to result in lower monthly savings for customers compared to shorter repayment terms.
This regulatory decision is distinct from Eversource’s separate pending request to increase its base distribution rates by 11%. The outcome of that rate increase request is still under review.
Story summarized from the original created by John Moritz on ctmirror.org, see more information here.
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