There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 16 Public Service Companies
Chapter 277 Department Of Public Utility Control. Office Of Consumer Counsel. Miscellaneous Provisions
Sec. 16-19bb. Application or refund of electric or electric distribution company rate moderation funds.
Sec. 16-19bb. Application or refund of electric or electric distribution company rate moderation funds. The Department of Public Utility Control shall require
that any funds held by an electric or electric distribution company in excess of the
company's authorized return on equity, which funds are intended by the department to
offset future rate increases in lieu of a present rate decrease, shall be applied to such
rate increases or shall be refunded to the company's customers not later than July 1,
1988. Any such funds collected by the company after July 1, 1988, shall be applied to
offset such rate increases or refunded to the company's customers within one year of
receipt.(P.A. 87-331, S. 3, 4; P.A. 98-28, S. 93, 117.)
History: P.A. 98-28 added electric distribution companies and made a technical change, effective July 1, 1998.
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
