Overview
- The approved rates take effect for the Nov. 1, 2025 through Oct. 31, 2026 rate year.
- PURA set United Illuminating’s revenue requirement at $450,789,348, roughly 8% below the company’s $490,283,797 proposal.
- The authority fixed the allowed return on equity at 9.25% after applying a 20-basis-point reduction tied to performance and management findings.
- The ruling follows a 350-day proceeding with public hearings, field audits, more than 2,000 interrogatories, and multiple days of testimony.
- The vote came after PURA moved to resolve a lawsuit by conceding a procedural violation by former chair Marissa Gillett, and Interim Chair Tom Wiehl recused due to prior involvement.