AGP Executive Report
Last update: 5 hours agoUtility Bills: Eversource customers urged state regulators to reject the company’s proposed $757 million rate increase, which could lift average residential bills by about $33 a month. The utility says the added revenue is needed for grid upkeep and storm recovery. Pfizer Investment: Pfizer plans a $650 million, 220,000-square-foot manufacturing technology center in Groton, with construction expected to begin in spring. The facility will support clinical-trial drug production and consolidate staff at the company’s campus. Household Finances: A Connecticut Ways report found 39% of state households could not afford basic expenses, including housing, food, child care and utilities. Offshore Wind: Revolution Wind is now fully operational, expected to supply power to 350,000 Connecticut and Rhode Island homes; the project also supported about 2,000 jobs. State Finances: Connecticut held nearly $4.5 billion in reserves at the close of the last fiscal year, enough to cover about 68.6 days of operations, even as reserves declined in many states.
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