Lee D. Hoffman Quoted in Connecticut Law Tribune Article on the Call to Break Up Eversource Energy
Lee D. Hoffman, co-chair of Pullman & Comley's Real Estate, Energy, Environmental and Land Use practice, discusses in this Connecticut Law Tribune article how an Eversource Energy breakup as a result of their response to Tropical Storm Isaias could affect the consumer.
Although Senator Blumental says a breakup could benefit individuals, Lee points out “The main downside for the consumer is there will be increased prices, and there is no guarantee that someone else will increase reliability of the system." He continues, "The ratepayers would have to pay Eversource for the cost of breaking them up and they would still have to pay a new utility. It could backfire for the consumer.”
Read the full article here.