Connecticut Light & Power Co. said today commercial and industrial last resort service customers will see rates cut 10 percent for the fourth quarter.
CL&P said the state Department of Public Utility Control approved the mandatory quarterly adjustment for customers with peak demand of more than 500 kilowatts of electricity monthly.
From Oct. 1 to Dec. 31, those customers will an overall rate of 17.065 cents per kilowatt hour, a reduction from 18.956 cents for the third quarter.
The utility said the reduction does not apply to rates for CL&P’s 1.2 million residential and streetlight customers, and commercial and industrial customers with peak demand under 500 kilowatts monthly.
Rates for those customers will be adjusted later this year, to take effect Jan. 1, 2009, CL&P said.
