Rare snowstorm causes 830,000 Connecticut Light & Power customers to lose power on Oct. 29; company to spend as much as US$100M for clean-up, restoration work related to outage

Graziela Medina Shepnick

Graziela Medina Shepnick

Nov 3, 2011 – Associated Press

HARTFORD, Connecticut , November 3, 2011 () – An executive of Connecticut Light & Power says the utility expects to spend as much as $100 million for clean-up and restoration work related to last weekend's rare October snowstorm.

Jeffrey D. Butler, president and chief operating officer of the Berlin-based utility, said Thursday that the cost will be on top of a $100 million charge to clean up after the remnants of Hurricane Irene in August.

Parent company Northeast Utilities told investor analysts in September that ratepayers, not investors, will pay for the Irene-related cleanup. It's standard in the industry for ratepayers to pay operating costs such as electrical restoration.

The utility reported on its website Thursday that 432,712 customers were without power. That's down by less than half from the peak of 830,000 when the storm struck Saturday.

© 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.