The Commissioner of Energy and Environmental Protection has provided notice to the Attorney General of an abnormal market disruption regarding the wholesale price of motor gasoline or gasohol. Pursuant to Conn. Gen. Stat. ยง 42-234, no seller of motor gasoline or gasohol shall sell, or offer to sell, an energy resource at an unconscionably excessive price between July 12, 2022 and August 11, 2022.

Press Releases

Attorney General William Tong

08/02/2022

Attorney General Tong Seeks Postponement of Insurance Rate Hearing as Senate Debates "Game Changer" Tax Credit Extension

(Hartford, CT) – Attorney General William Tong today urged the Connecticut Insurance Department to halt all consideration and planning for the August 15 public hearing on requested insurance rate adjustments for on-exchange policies offered by ConnectiCare and Anthem as the U.S. Senate debates extension of the Federal Advance Premium Tax Credit.

At CID’s request, these insurers built into their on-exchange rates an assumption that these tax credits would expire on January 1, 2023. That assumption was identified as a significant driver behind the double-digit request rate hikes.

“The tax credit extension would be a game changer, and may significantly reduce the need for an increase. It would be a dereliction of our duty to consumers to proceed with a hearing on rates built on what now appears to be a bad guess. Should Congress, as expected, vote to extend the Federal Advance Premium Tax Credits, requests must be revised—reflecting substantial savings to consumers—before any further steps are taken,” Attorney General Tong states in his letter.

Full text of the letter can be viewed here.
Twitter: @AGWilliamTong
Facebook: CT Attorney General
Media Contact:

Elizabeth Benton
elizabeth.benton@ct.gov

Consumer Inquiries:

860-808-5318
attorney.general@ct.gov