Press Releases
11/05/2025
PURA Issues Final Decision in Yankee Gas Case
The Connecticut Public Utilities Regulatory Authority (PURA or the Authority) today issued a Final Decision that approves an annual revenue requirement for The Yankee Gas Services Company d/b/a Eversource Energy (Yankee or Company) for the rate year November 1, 2025, through October 31, 2026.
Today’s ruling approves a $802,243,643 revenue requirement for the Company, approximately 12% less than the Company’s proposal. Reflected in this revenue requirement is the Company’s refunding to its customers of approximately $40 million of ratepayer money over the next three years.
The approved revenue requirement also includes an allowed return on equity (ROE) of 9.48%; however, the Authority reduced the allowed ROE by an aggregate 16 basis points (i.e., to 9.32%) to address certain performance and management issues.
The Final Decision results in an estimated monthly bill impact of approximately $15 for the distribution of natural gas to the average residential heating customer using 54 ccf (cubic feet). Individual customer bill impacts will vary by customer rate class and usage.
In its application, Yankee proposed an increase of $192,955,454, or 27%, for a total revenue requirement of $912,953,454. The Company also proposed an ROE of 10.3%, plus a 50 basis point regulatory risk premium, for a total 150 basis point increase from the currently allowed ROE of 9.3%.
Today’s Final Decision in the proceeding, Docket No. 24-12-01, also determines other issues, including rate design and customer service. The PURA commissioners approved the decision at today’s Regular Meeting in New Britain, with the Authority’s new Interim Chairman Tom Wiehl recusing himself from the decision due to his recent involvement in the case while in his former role as Legal and Regulatory Director at the CT Office of Consumer Counsel (OCC). Commissioners Janice Beecher and Holly Cheeseman also recused themselves from the decision given their respective start dates at PURA were just days prior to the issuance of the decision.
The Authority conducted an extensive investigatory process which entailed more than 1,300 interrogatories submitted by PURA and participants, two in-person and one virtual public comment hearings, six days of audits, eight days of in-person evidentiary hearings, two late-filed exhibit hearings, 134 late-filed exhibits, briefs and reply briefs.
The Company has not had a fully adjudicated rate case since 2011. Yankee’s 2017 rate amendment application was resolved through a settlement agreement, issued in 2018. Yankee provides gas service to over 252,000 residential, commercial, and industrial customers in 85 towns and cities in Connecticut.
Resources
• PURA Docket No. 24-12-01
• Final Decision
• Regular Meeting (YouTube)
• Yankee Service Territory
• Rate Case Information
Contact
Taren O'Connor
Director of Legislation, Regulation and Communication
860-827-2689
Taren.Oconnor@ct.gov