Law requires yearly reports on electric companies’ system efficiency

The department or the Office of Consumer Counsel must finish and share its evaluation and any draft report with electric companies at least 90 days before a company files with the Connecticut Siting Council. This applies to an evaluation by the department or the Office of Consumer Counsel related to an electric company’s filing with the Connecticut Siting Council. This deadline applies when the electric company informs the department and the Office of Consumer Counsel of its expected filing date at least 12 months in advance. This section takes effect upon passage. The evaluation and any draft report are due no later than 90 days before the company files.

Financing orders and competitive transition assessments are irrevocable, and the authority cannot revise specified costs, transfers, or bond-related disbursements or impair the value of transition property. These rules cover financing orders, competitive transition assessments, specified stranded costs and financed utility service costs, economic recovery transfers, and certain payments to the General Fund. The text provides an exception for transition property that has been made the basis for issuing rate reduction bonds. The authority cannot use the assessment to reduce other rates for an electric company, or reduce, delay, or end revenues from the assessment. This section takes effect upon passage.

The energy and environmental protection commissioner, working with the utilities regulator, must report each year on electric companies’ load factors, efficiency policies, program costs and benefits, and possible cost-effective policies or programs. The report covers each electric distribution company’s annual and daily load factors for the prior calendar year, efficiency efforts, and possible legislative actions. The commissioner may consult electric companies and request their data to prepare the report. The commissioner must submit the report to the General Assembly committee responsible for energy and technology. The first report was due by April 1, 2026. Reports are due each April 1 through April 1, 2041, and cover the prior calendar year.