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Eversource CEO claims work stoppage in Connecticut over storm cost payments

1 report, 1 independent Updated Mon 00:00
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What happened

Some supportReported by 1 outlet

Eversource CEO Joseph Nolan stated that the company paused work in Connecticut until it received payment for storm costs. Nolan claimed the company sought $960 million, though the PURA Commission had approved $869 million. He suggested that an additional $60 million be put into the storm fund. State Senator Ryan Fazio and Governor Ned Lamont stated that Eversource cannot legally withhold work because the company has an obligation to maintain the grid.

From wfsb.com

Why it matters

Some supportBrind's analysis of the reports

The dispute centers on Eversource's operational obligations versus its financial demands regarding storm recovery costs. The disagreement involves regulatory bodies and state government officials regarding utility maintenance and funding requirements in Connecticut.

From wfsb.com

Who's involved

  • Joseph NolanEversource CEO who claimed the company would withhold work until payment is received.
  • Ned LamontGovernor of Connecticut who stated Eversource cannot legally shut off the grid.
  • Ryan FazioConnecticut State Senator who stated Eversource cannot legally shut off the grid.
  • Bob DuffPolitician who demanded an explanation from Joseph Nolan regarding the withheld projects.

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Coverage

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