NEW BRITAIN, CT – Today, Consumer Counsel Coleman released a Frequently Asked Questions document: Explaining the Impact and Drivers of S&P Downgrades of Connecticut Utilities’ Credit Ratings. It is important that Connecticut's utility customers – individuals and businesses alike – have an accurate and complete understanding of the drivers and impacts of the credit rating downgrade announcements from S&P earlier this week. The overly-alarmist rhetoric that utility officials have pushed out in the wake of these downgrades is not productive or solution-oriented. The Office of Consumer Counsel hopes that this FAQ will help to educate around how credit rating changes impact utility costs and rates, and to provide a full and historical picture on the drivers of the recent downgrades.
Read the FAQ here.
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CONTACT:
Brooke Parker
Communications & Legislative Program Manager
brooke.parker@ct.gov
About the Office: The Office of Consumer Counsel (OCC) is an independent state agency that represents the interests of consumers of Connecticut’s electric, natural gas, telecommunications, and private water companies before PURA, federal regulatory agencies, the legislature and courts. OCC’s team of attorneys, accountants, financial and policy analysts appear before PURA to argue for the most reasonable rates while expecting the best utility service possible for all customers.