CT SB00103

Changes interim rate decrease trigger for public service companies from "six consecutive months" to "the latest two consecutive financial quarters" of exceeding authorized return on equity by at least one percentage point, effective July 1, 2016.

Modifies water company WICA (Water Infrastructure and Conservation Adjustment) reset provision to reset to zero if company exceeds allowable rate of return by more than 100 basis points for the latest two consecutive financial quarters, instead of any calendar year.

Consolidates and renumbers electric supplier licensing conditions under section 16-245(g), removing duplicate provisions on environmental compliance and renewable portfolio standards while clarifying environmental law requirements.

Revises electric supplier renewable energy credit advertising restrictions to require compliance with Public Utilities Regulatory Authority approval rather than specific statutory references.

Extends customer protection window for contract renewals from "seven business days after receiving" a billing statement to "within the first two billing cycles" of a renewed contract before cancellation fees apply.