Jeffrey Butler, COO of CL&P
If you are disappointed in CL&P’s power restoration efforts, particularly its response time, then please sign the petition below, urging Governor Dannel Malloy to propose the imposition of steep penalties on Connecticut utility companies for failing to meet acceptable standards of power restoration after storm outages.
In 2009 Massachusetts imposed steep penalties on utility companies for failing to meet legislated standards of power restoration: 2.5% of their annual revenues. Under such a system of standards and penalties, CL&P would have been assessed penalties of $20 million.
Connecticut needs to send a warning to Jeffrey Butler and CL&P: devote more attention and resources to your power restoration efforts or else pay a steep penalty!
About William Brighenti
William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business.
Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission.
In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
Accountants CPA Hartford, LLC
I don’t understand why cl&p would not pay its contractors from the hurricane. If we don’t pay out bills, we get cut off. They are a.company with millions and millions of dollars. And they can’t pay their bills???? How many people, FAMILIES!!!! were punished because of their neglect. Their is something seriously wrong with this. It has to change. We’re not just customers. We are just a number. We can’t let them raise their rates again either. The heads of the company won’t be able to get a fat bonus. We somehow need to come up with something where we don’t need to depend of corporations. They just want money. They don’t care about us.
I have my power back finally, but I am going to continue to voice my concern about CL&P’s gross negligence to our elected officials. If we stop pursuing this issue, we will be in the same horrible position the next time we have a storm. More people will lose thier lives while CL&P’s profits continue to rise.
Jeffrey Butler as COO of CL&P, Northeast Utilities, is apparently more concerned with Connecticut Light & Power’s profitability, which is now 16%; normally, utilities are only allowed 10% profitability. This increase in profitability has been the result of downsizing, laying off 10% of its labor force, closing down substations in New Britain, Bristol, and other areas where crews would have been immediately available for restoration of power, instead of waiting days for crews to arrive from Texas and other remote areas of the country.
Utilities are not supposed to be more interested in profitability than in serving the residents of Connecticut. There is no free market in utilities, allowing consumers to obtain their electricity elsewhere.
If Governor Dannel Malloy were a true representative of the people, he would propose legislation leving steep penalties on utilities for failing to meet prescribed standards in their restoration of services efforts.
Barefoot Accountant