Supreme Court of Connecticut
GenConn Energy, LLC v. Public Utilities Regulatory Authority
February 27, 2024348 Conn. 532
Summary
The court affirmed the dismissal of GenConn Energy, LLC’s administrative appeal, holding that PURA acted within its statutory authority when it reduced GenConn’s debt rate and recoverable financing costs in the 2021 annual rate proceeding. The court concluded that the governing peaking-generation statute incorporates general rate-making principles requiring rates to be sufficient, but no more than sufficient, to cover operating and capital costs, and that substantial evidence supported PURA’s adjustment. No separate opinions were provided in the record.