Connecticut § 16-19bb Application or refund of electric distribution company rate moderation funds.

Connecticut Statutes

§ 16-19bb — Application or refund of electric distribution company rate moderation funds.

Connecticut § 16-19bb

Title 16Public Service Companies

Ch. 277Department of Energy and Environmental Protection. Public Utilities Regulatory Authority. Office of Consumer Counsel. Miscellaneous Provisions

This text of Connecticut § 16-19bb (Application or refund of electric distribution company rate moderation funds.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 16-19bb (2026).

Text

The Public Utilities Regulatory Authority shall require that any funds held by an electric distribution company in excess of the company's authorized return on equity, which funds are intended by the authority to offset future rate increases in lieu of a present rate decrease, shall be applied to such rate increases or shall be refunded to the company's customers, in a manner determined by the authority, not later than the conclusion of the company's next proceeding conducted pursuant to section 16-19a.

Free access — add to your briefcase to read the full text and ask questions with AI

The Public Utilities Regulatory Authority shall require that any funds held by an electric distribution company in excess of the company's authorized return on equity, which funds are intended by the authority to offset future rate increases in lieu of a present rate decrease, shall be applied to such rate increases or shall be refunded to the company's customers, in a manner determined by the authority, not later than the conclusion of the company's next proceeding conducted pursuant to section 16-19a.

Legislative History

(P.A. 87-331, S. 3, 4; P.A. 98-28, S. 93, 117; P.A. 11-80, S. 1; P.A. 14-134, S. 58; P.A. 23-102, S. 10.) History: P.A. 98-28 added electric distribution companies and made a technical change, effective July 1, 1998; pursuant to P.A. 11-80, “Department of Public Utility Control” was changed editorially by the Revisors to “Public Utilities Regulatory Authority”, effective July 1, 2011; P.A. 14-134 deleted reference to electric company, deleted “not later than July 1, 1988” and deleted provision re funds collected after July 1, 1988, effective June 6, 2014; P.A. 23-102 replaced “within one year of receipt” with provision re manner of application or refund and reference to company's next proceeding, effective June 29, 2023.