News about Eversource

Eversource filed a lawsuit in Superior Court in New Britain on Thursday challenging PURA’s decision to cut more than $500 million from its storm-response reimbursement, arguing regulators ignored state law and precedent by denying interest on costs it had to finance while awaiting review. The suit also contests roughly $7.7 million in crew-cost cuts. In July, PURA approved over 90% of nearly $1 billion in storm costs from 2018 to 2023, but rejected about $400 million in interest and cut roughly $100 million in expenditures. Attorney General William Tong blamed Eversource for delays of more than 1,000 days, while the OCC’s Claire Coleman criticised the appeal even though the company received most of its request. CEO Joe Nolan said the company believes it is owed the money and that the fight is not over.