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Sunday, April 08, 2007

Press conference tomorrow on legislation to address rising electric rates.

Phil Sherwood, a New Britain resident and an advocate with the Connecticut Citizen Action Group, sent out this media advisory today.
The Connecticut Citizen Action Group (CCAG) and Attorney General Richard Blumenthal Discuss Campaign to Provide Rate Relief to CT's Electric Consumers

States oldest and largest public interest group and Attorney General Richard Blumenthal will hold a press conference to discuss legislation aimed at lowering electric rates including a 'call to action'
for the public to send copies of their electric bills to state legislators.

Hartford, CT. – As CT's failed energy policies continue to shower the electric generation companies and commodity traders on wall street with unprecedented profits while forcing consumers to pay record high electric rates, the 2007 legislative session is coming to a close in less than 60 days. Members of the legislature are now considering a bill, HB7098, that aims to lower costs for everyone.

The CCAG and AG Blumenthal will call for the legislature to not only enact long term solutions to the broken electric market but to also provide immediate relief by refunding hundreds of millions of dollars to ratepayers through a refund and to support concepts that allow the state to regain control over electric power generation. They will host a press conference on Monday, April 9, 2007 at 11:00 AM, in room 1B at the Legislative Office Building in Hartford.

WHO: The CT Citizen Action Group and Attorney General Richard Blumenthal.WHAT: Press conference with Attorney General Richard Blumenthal and the CT Citizen Action Group to discuss actions the state can take to solve the problem of high electric rates.
WHEN-WHERE: Monday, April 9, 2007 at 11:00 AM, Room 1B of the Legislative Office Building (LOB).
I plan to participate in this press conference.

I have been pressing for years for legislation to roll back Connecticut's failed electric deregulation system and restore a more reasonable system, like we used to have. If action is not taken soon on this legislation, things could get even worse then they already are. On the other hand, if the legislature approves the idea of a refund to consumers, rates could go down immediately.

I think that it is important that we get this done and done now.