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Colorado and Connecticut saved residents hundreds of thousands of dollars on their utility bills (grist.org)

submitted 5 days ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 5 days ago

My AI says money was saved by...

New legislation: In 2023, Colorado and Connecticut passed laws to prevent utilities from charging customers for lobbying, advertising, and other political influence activities.

Broader restrictions: These laws clarified and expanded the range of political activities that utilities are banned from charging to ratepayers compared to existing federal and state rules.

Specific savings examples:

In Colorado: State regulators rejected over $775,000 in lobbying fees, trade association dues, and investor relations costs sought by Xcel Energy in a gas rate case.

In Connecticut: State officials disallowed $555,000 in industry dues, travel and meal expenses, and investor relations costs that Avangrid attempted to charge customers during a gas rate case.

/// I imagine Trump will come in and "investigate" the legislation to undo the good