Amid Eversource, UI rate hikes, CT officials must step in

The CT Mirror

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Amid Eversource, UI rate hikes, CT officials must step in

If ever there were a time to question how companies make a profit, this is it. Eversource Energy and United Illuminating — public utilities charged with keeping people warm, safe, and, literally, not in the dark — want to raise rates so dramatically even those who can absorb the additional $80 per month are appalled.Our capitalist system presumes — and most of us readily accept this premise — that a company exists to make money for its sharehold…