Take Back Our Grid Bill Signed into Law
Yesterday, Governor Lamont signed the Take Back Our Grid Bill into law, a bill we voted on during last week's special session. The law works to hold big utility companies accountable and addresses pressing issues raised by the public.
"Take Back Our Grid" Will:
- Establish Performance Based Ratemaking
- Establishes standards the utilities must meet
- Develops metrics for determining progress
- Allows the issuance of penalties if the utilities fail to meet the standard
- Require the utilities to provide bill credits from $25 daily to a $250 total claim for food and medicine, as well as reduced charges to residential customers without power lasting more than 96 hours.
- Tie the portion of executive salaries that come from ratepayers to the company's performance.
- Develop minimum staffing levels for lineman, communications personnel and others to make sure the utilities respond to storms quickly and convey timely information to their customers.
The issues of significant rate increases in July and poor performance during Tropical Storm Isaias remain under investigation by PURA.
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