SENS. WILLIAMS (EXACTLY) & MCKINNEY (SORT OF) GET IT RIGHT ON CL&P ‘RESTITUTION’ TO RATEPAYERS

As the number of investigations into Connecticut Light and Power Company’s performance in the pre-Halloween snow storm increases by the day, the company tried to head things off at the pass. The utility pledged to start a special fund of $10 million for affected state customers, with the money to be used at Governor Malloy’s discretion. Sorry guys, your idea is the epitome of “too little, too late.”

State Senate President Don Williams (D-Brooklyn) headed in the right direction with his response—“[The fund is] inadequate.” Williams instead, wants CL&P to send $50 back to every affected household. Such a move would cost the company four times more than their special fund—$41.5 million.

Williams gets this: CL&P is a monopoly. The only thing it understands is the bottom line. It doesn’t care about performance. It only cares about making money. A lot about the company’s attitude can be gleaned from its executive’s “screw you” approach in meeting with West Hartford Mayor Scott Slifka. Slifka, a usually easy-going guy in general, was pushed to the point of explosion.

Meanwhile, Senate Minority Leader John McKinney (R-Fairfield) made an excellent point about the $10 million fund offer. The money would come from CL&P’s charitable foundation which means it would likely take money out of the hands of truly needy charities.

The end result of this debate is that CL&P can spend $10 million, $41.5 million or $100 million; it won’t restore the faith and trust of the people of the state of Connecticut.