CT SB00899

Removes requirement for Public Utilities Regulatory Authority (PURA) to hold mandatory administrative proceedings for purchased gas adjustments, energy adjustment charges/credits, and transmission rates.

PURA may hold a hearing on such charges if requested by the electric distribution/gas company, interested persons, or members of the public, with hearings convened within ten days of application filing.

Hearings must be open to the public with notice published at least five days prior in a newspaper of general circulation in the served area.

Changes the approval deadline from five days after the administrative proceeding convenes to fifteen days after the authority receives the application; if no decision is rendered by this deadline, charges may become effective pending the authority's final decision.

Requires companies seeking to implement charges without final approval to file an assurance (which may include a bond) guaranteeing refund to customers of any amounts collected in excess of authority-approved charges.