SOURCE: Industrial Info Resources
SUGAR LAND, TX--(Marketwire - Jul 30, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The East Coast hurricane season typically starts in June and ends in November. One large East Coast utility is still cleaning up the figurative debris from the 2011 hurricane season. And there may be more wreckage in the near future. Connecticut Light & Power Company (CL&P) (Berlin, Connecticut), Connecticut's largest electric utility and a subsidiary of Northeast Utilities (NYSE:NU) (Hartford, Connecticut), reportedly spent about $260 million restoring power after two severe weather events. A stinging draft decision earlier this month from the utility's regulator has cast doubt on how much of that can be recovered by CL&P. Earlier this month, CL&P filed a five-year, $300 million plan to harden the company's electric distribution network and make it more resilient during severe weather.
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