Connecticut seeks to approve more than $150M to lower electric bills

Connecticut seeks to approve more than $150M to lower electric bills

HARTFORD, Conn. (WTNH) — After more than a year of rate-payer outrage and extensive legislative debate, the state government moved to approve more than $150 million in spending on Friday to lower your electric bill. Lawmakers propose bill that would reduce cost of electricity in Connecticut The electric bill relief was tucked into nearly $1 billion in new state borrowing. To learn more about changes to your bill, and who is paying for the …

CT agrees to borrow $155 million to offset cost of electric bills

This story has been updated. The State Bond Commission on Friday agreed to borrow $155 million to help offset the cost of residents’ electric bills, at least partially delivering on a promise of savings made by lawmakers during the most recent legislative session. The bonds were issued to pay off a portion of the public benefits charge, which is used to fund state-mandated programs that have become subject to intense scrutiny in the larger debat…