PURA Defends Aquarion Sale Approval Despite Criticism

0:00Connecticut's Public Utilities Regulatory Authority just shot down a petition from the State Attorney General and Consumer Counsel to reverse there. Approval of the $2.35 billion sale of a query in water company to a new public authority. The officials claimed poorer missed nearly $474 million in future rate payer costs back in March, blaming a spreadsheet. Glitch where data got compressed and overlooked. Per a call that argument, way overblown, pointing out all the financial models showed the exact same revenue projections up to $959.5 million by 2065, no matter the formatting. They also rejected complaints about an approval condition, tightening capital project reviews to $2 million instead of the lost 3.5 million threshold, saying it was a voluntary consumer safeguard that didn't override the statute. Meanwhile, due process grabs over a late settlement offer got dismissed as rehashed. P-U-R-A wrapped up by appreciating tough advocacy,

1:05withdrawing a line at social media blasts, questioning their integrity, sticking firm with the original. Green light. From your city, powered by AI, this is Hard for News Today. I'm Cory with The Story.