December 11, 2007
AG opposes revised rate increase for water company
State regulators have issued a second draft decision approving rate increases for the Bridgeport-based Aquarion Water Co. affecting customers in 35 towns and cities.
The latest decision from the state Department of Public Utility Control is drawing fire from Attorney General Richard Blumenthal.
Blumenthal says the second draft decision released Monday allows Aquarion a rate increase of $19.4 million or 17 percent. This increase is higher than the $17 million, or 15 percent, increase than the DPUC first proposed last month.
Aquarion originally asked for a $31.95 million, or nearly 28 percent, increase to pay for infrastructure improvements and increases in operating expenses.
A DPUC's final decision is not expected until later this month.
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