Connecticut Natural Gas Corp. will ask regulators for a $19.9 million rate increase to improve its system and prepare to implement Gov. Dannel P. Malloy’s $7 billion natural gas heating expansion.
The Hartford utility serves 141,000 customers in 21 communities in Central Connecticut. CNG stands to gain another 100,000 customers through Malloy’s plan to switch 300,000 homes and businesses to natural gas home heating.
The company’s rate request coming to the Public Utilities Regulatory Authority is a 6.3 percent increase in revenues above the current rate. The company plans to use the money to expand its system to increase reliability and safety for its customers; accelerate replacement of aging infrastructure; and promote Malloy’s goals for energy efficiency and natural gas expansion.
The notice to PURA came from James Torgerson, CNG chairman and chief executive officer of New Haven utility parent UIL Holdings Corp., the parent of CNG.
Torgerson’s filing was a notification that CNG planned to ask for a rate increase. The formal application will come in 30-60 days.
