Conn. (WTNH) — The state could be one step closer to holding utility companies accountable if they don’t restore power for an extended period of time after a storm.

The “Take Back Our Grid Act” aims to implement a performance-based incentive system for utility companies.

The act, which was signed into law by Governor Ned Lamont following the impact of the 2020 Tropical Storm Isaias, seeks to increase accountability. The incentive system will ensure that utility companies’ earnings and profits are tied to good performance.

“It is simply common sense that we as consumers in this state pay for quality pay for results rather than simply for the costs incurred,” said Sen. Ryan Fazio (R. Conn.) 

Gov. Lamont discussed the implementation of the act in Essex on Wednesday, while the commissioners of Public Utilities Regulatory Authority (PURA) will consider a proposed final decision to implement the framework.

Approving the framework is phase one, while deciding how to implement the goals is phase two which is expected to be complete next Spring.  

A spokesperson for AVANGRID says United Illuminating looks forward to aligning its operations, investments, customer service engagement and system planning within the new, constructive regulatory framework.

PURA allows utility companies to change their rates twice a year on Jan. 1 and July 1.  

“Our concern is that the investor community has spoken loud and clear in recent months warning that the regulatory environment created by PURA in Connecticut is imbalanced, harming the interests of customers given the need for sustained, long-term investment in utility infrastructure,” said Caroline Pretyman, a spokesperson for Eversource.

This past winter PURA approved a rate hike which more than doubled Eversource’s rate per kWh.  Eversource said that rate is expected to drop somewhat this summer. 

A spokesperson for Public Utilities Regulatory Authority said performance-based regulation may not have affected the winter rate hike because supply rates are part of the bill not regulated by PURA but it could play a role in influencing utilities with how they procure supply rates in the future.