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"                      <p class=\"imgtitle\">Blumenthal</p>           HARTFORD, Conn. (Legal Newsline) - Connecticut Natural Gas may be ordered to return more than $15 million in alleged overearnings, partly thanks to the efforts of state Attorney General Richard Blumenthal.<br /><br />Blumenthal's <a href=\"http://legalnewsline.com/news/214189-cng-must-give-overearnings-back-to-customers-blumenthal-says\" class=\"copy\">continual criticism </a>of CNG's rates may have paid off with Friday's draft decision by the state's Department of Public Utility Control, which says CNG should give line item credits to consumers.<br /><br />\"This victory gives us precisely what my office and consumers demanded -- immediate rate cuts for consumers to compensate for CNG's unlawful and unjust overearnings,\" Blumenthal said.<br /><br />\"CNG received unacceptable overearnings at consumers' expense during the toughest possible economic climate.\"<br /><br />Blumenthal promised continued action against Southern Connecticut Gas consumers.<br /><br />In the year ending April 30, Blumenthal said CNG made $15.5 million more than it was allowed. The company was authorized to receive a 10.1 percent profit margin, but posted earnings of 14.27 percent.<br /><br />The average non-heating residential customer using 40 ccfs per month will save around $2.47 per month, while heating residential customers using 150 ccfs per month will receive a credit of approximately $9.25 per month.<br /><br />Also, CNG must submit a full rate case by the end of the year. The case will take 5-6 months to conlude, while the credit will remain in place until new rates are set.<br /><br />A final decision will be rendered Wednesday.<br /><br /><em>From Legal Newsline: Reach John O'Brien by e-mail at john@legalnewsline.com.</em><br />"^^<http://www.w3.org/2001/XMLSchema#string>
<http://legalnewsline.com/stories/510519480-gas-company-receives-bad-news-from-conn-dpuc>