Spiking electricity costs have led Connecticut lawmakers to consider a drastic solution: using state debt to cut bills.
S.B. 1560 would nix a line on Connecticut electricity bills — known as a public benefits charge — that generates money for items such energy efficiency improvements, home electrification and discounted rates for low-income households.
Instead, the state would pay for the items by borrowing $2.4 billion through bond sales, shifting costs from ratepayers to taxpayers.
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Backed by legislative leaders, the bill advanced through a key committee Wednesday. But several lawmakers expressed reservations about the provisions including the bonding proposal and said they expect negotiations to continue.
