Connecticut § 16-244n Standard service contract buydown.

Connecticut Statutes

§ 16-244n — Standard service contract buydown.

Connecticut·Title 16 Public Service Companies·Ch. 283 Telephone, Gas, Power and Water Companies

Upon the request of an electric distribution company, the Department of Energy and Environmental Protection shall initiate a docket to consider the buydown of an electric distribution company's current standard service contract to reduce ratepayer bills and conduct a cost benefit analysis of such a buydown. If the department, as a result of such docket, determines such a buydown is in the best interest of ratepayers, the company shall proceed with such buydown.

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Upon the request of an electric distribution company, the Department of Energy and Environmental Protection shall initiate a docket to consider the buydown of an electric distribution company's current standard service contract to reduce ratepayer bills and conduct a cost benefit analysis of such a buydown. If the department, as a result of such docket, determines such a buydown is in the best interest of ratepayers, the company shall proceed with such buydown.

Connecticut § 16-244n (Standard service contract buydown.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 11-80, S. 93.) History: P.A. 11-80 effective July 1, 2011 (Revisor's note: A reference to “Bureau of Public Utility Control” was deleted editorially by the Revisors for clarity).