Connecticut regulators have tentatively approved a natural gas expansion plan that would drive up natural gas prices while making the fuel available to an additional 280,000 homes and threatening the livelihood of many fuel retailers in the state, according to an article by the Middleton Press.
In a draft ruling, the Public Utilities Regulatory Authority approved a joint proposal by Southern Connecticut Gas, Connecticut Natural Gas, and Yankee Gas to expand 900 miles of natural gas lines to 280,000 customers over the next 10 years, the article states.
“The 10 year plan seeks to reduce upfront costs for homeowners and businesses who want to convert to natural gas systems,” the article states. “Rather than paying an upfront cost, the ruling would create a new, higher rate for new natural gas customers to incrementally cover the costs over 10 years.”
Regulators called for a premium increase of 10 percent for new customers who live on gas mains, a 30 percent increase for those who live off main, and a 50 percent increase for some businesses and multifamily homes located off gas mains, according to the Middletown Press.
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