Eversource asks PURA to securitize $1.42 billion in storm costs, seeks retroactive carrying charges Eversource (Connecticut Light & Power) told the Public Utilities Regulatory Authority it wants to securitize about $1.42 billion in 2018–2023 catastrophic storm costs and asked PURA to recognize carrying charges (financing costs) back to the date costs were incurred; commissioners pressed for alternate calculations (debt-only, prime-rate) and late-filed worksheets.

Eversource Energy is pushing for the Public Utilities Regulatory Authority to approve the securitization of $1.42 billion in storm costs, claiming it will dramatically reduce customer bills and restore liquidity.

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