Another credit downgrade for Connecticut’s utilities could hit you in the pocket.
The most recent coming from Moody’s ratings and impacts Connecticut Natural Gas and Southern Connecticut Gas, and their parent company, Avangrid.
The downgrade comes on the heels of an S&P downgrade last week that impacted all of Connecticut’s utilities.
Republicans in Hartford called for action from their colleagues across the aisle on Thursday.
“Think of that just the same as when you get a note or email that your own personal credit rating has dropped,” Charlotte Ancel, vice president of investor relations at Avangrid, said.
She warns it’s customers that feel the impact in their pockets when a credit rating is downgraded like this.
She pointed to the state’s unstable regulatory environment and cuts to their rates by PURA over the last few years, for the downgrade.
“The cost to borrow money and to build important infrastructure will …