The three main natural gas utilities in Connecticut all have below average residential customer satisfaction rates, according to California research firm J.D. Power & Associates.
New Haven utility parent UIL Holdings has agreed to remit $83.6 million in payments and credits and hire 150 jobs, among other concessions, in order to obtain approval for its $3 billion merger from Connecticut regulators.
In order to gain key consents for its $3 billion merger, New Haven utility parent UIL Holdings agreed to pay at least $30 million to remediate its former English Station power plant in New Haven.
In order to get Connecticut regulators to sign off on its proposed $3 billion merger to Spanish energy giant Iberdrola sometime this year, New Haven utility parent UIL Holdings offered $68 million in benefits to Connecticut, as well as increasing local hiring.
Lower spending on natural gas helped UIL Holdings Corp. grow its bottom line by 70 percent in the second quarter, the Connecticut utility parent reported.
New Haven utility parent UIL Holdings has asked – for the second time – for Connecticut regulators to approve its $3 billion acquisition by Spain energy giant Iberdrola.
Rather than facing an out-right denial, New Haven utility parent UIL Holdings on Tuesday withdrew its application for Connecticut regulators to approve the company's proposed $3 billion acquisition by Spain utility giant Iberdrola.
On the same day it was filed, the Connecticut Public Utilities Regulatory Authority on Wednesday rejected a request by New Haven utility parent UIL Holdings for more time to prove the value of its $3 billion acquisition by Spain energy giant Iberdrola.
The Connecticut Public Utilities Authority in a draft decision on Tuesday rejected the proposed $3 billion acquisition of New Haven utility parent UIL Holdings by Spanish energy giant Iberdrola.
The Federal Energy Regulatory Commission has approved the $3 billion takeover of New Haven utility parent UIL Holdings by Spanish energy giant Iberdrola, according to a regulatory filing made by UIL.