Connecticut Public Utilities Regulatory Authority announces Equitable Modern Grid Framework
The Connecticut Public Utilities Regulatory Authority (PURA) recently voted to approve its plan to modernize the electric grid, which includes a framework for achieving an Equitable Modern Grid.
“The electric sector is the backbone of the economy, and yet we still face significant energy affordability challenges in this state for our residents and businesses,” Marissa P. Gillett, chairman of PURA, said. “The Equitable Modern Grid framework established by this decision will ensure that we keep the affordability component front of mind in the transition to an economy-wide, decarbonized future.”
The Equitable Modern Grid framework aims to support, or remove barriers to, the growth of Connecticut’s green economy; enable a cost-effective, economy-wide transition to a decarbonized future; enhance customer access to a more resilient, reliable and secure electricity commodity; and advance the ongoing energy affordability dialogue in the state, particularly in underserved communities.
“I am proud to endorse yesterday’s historic decision, which reflects years of robust stakeholder input. PURA is prepared to oversee a process that maximizes the value of ratepayers’ investment in shaping the electrified economy of the future,” John W. Betkoski, III, vice-chairman of PURA, said.
The decision also outlines an iterative process that will invite proposals from utilities, private developers, local and national experts, limited-income and environmental advocates, and others to find solutions related to the eleven opportunity statements identified by PURA.
“This Framework is an important development in regulatory affairs,” Michael Caron, commissioner of PURA, said. “This process will help the Authority address some very important issues in a comprehensive and structured manner so we can assess their viability, reliability, and affordability for Connecticut’s ratepayers and businesses.”
