Conn. cuts $49M from utility's storm cost request

NEW BRITAIN, Conn. (AP) — Regulators have cut $49 million from a request by the state’s largest utility for ratepayers to pay for work preparing for and recovering from five destructive storms.

The Public Utilities Regulatory Authority on Monday issued a preliminary decision allowing Connecticut Light & Power to recover $365 million for preparation and response to Tropical Storm Irene in August 2011, a Nor’easter two months later, Superstorm Sandy in October 2012 and two major storms in June 2011 and September 2012.