“Residents Deserve More.” Sen. Fazio & Harding Statement on CT Govt Borrowing $150 M to Lower Electric Bills

For Immediate Release 

Sen. Ryan Fazio and Sen. Stephen Harding issued the following statement regarding today’s State Bond Commission vote to approve $155 million in bonding in order to reduce the Public Benefits Charge on electric bills.

“Today, the State Bonding Commission approved approximately $150 million in borrowing to fund a portion of the public benefits charge on electric bills.

While it may sound like relief, the reality is this simply shifts a fraction of the $1 billion per year burden from ratepayers to taxpayers.

Senate Republicans have put forward real, lasting solutions to address Connecticut’s electric rate and affordability crisis, including the full elimination of the Public Benefits Charge.

With the 3rd highest electric rates in the nation, residents deserve more than a temporary fix.

They deserve true affordability and long-term economic opportunity.”