PURA Issues Final Decision in Yankee Gas Case

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 [email protected]

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