Here's the problem, for those who are wondering:
Because of deregulation, Northeast Utilities - which owns CL&P - and United Illuminating have sold off their power generating businesses and focused only on distributing electricity.
That means they must buy electricity for their customers from power generators and middlemen, and have told regulators that they already are bound to contracts that must be met. (AP)
There you go. The failure of deregulation. Consumers haven't benefited one bit.
Let's see if we get anything beyond a windfall profits tax out of the General Assembly next year, though.
"Regulators grant tentative approval to UI rate increase." Associated Press 15 December, 2006.