<http://schema.org/articleBody>
"                      <p class=\"imgtitle\">Blumenthal</p>           HARTFORD, Conn. (Legal Newsline) - Connecticut Attorney General Richard Blumenthal has another rate hike to fight, promising action against Southern Connecticut Gas' proposed increase.<br /><br />SCG told the state's Department of Public Utility Control on Friday that it will file the proposed increase by March, hoping to generate an extra 11.9 percent in delivery revenues.<br /><br />State regulators are already investigating recent earnings by the company that may have exceeded a percentage SCG was allowed.<br /><br />\"April Fools in August may be a common first impression of this outlandish rate increase from Southern Connecticut Gas,\" Blumenthal said.<br /><br />\"This request would be laughable if these energy costs were less serious for consumers. We renew our demand for a drastic rate decrease, coupled with quick dismissal of this rate increase rate increase request.\"<br /><br />SCG would increase revenues by $39.4 million if the rate increase goes through.<br /><br />According to a report in the <a href=\"http://www.courant.com/business/hc-gas0802.artaug02,0,1016291.story?track=rss\" class=\"copy\">Hartford Courant</a>, SCG said lower natural gas prices and lower operation and maintenance expenses led to the alleged overearnings.<br /><br />Blumenthal recently went against Connecticut Natural Gas and its alleged overearnings, resulting in a recent draft decision from the DPUC that would give line item credits to 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 /><em>From Legal Newsline: Reach John O'Brien by e-mail at john@legalnewsline.com.</em>"^^<http://www.w3.org/2001/XMLSchema#string>
<http://legalnewsline.com/stories/510519536-gas-company-wants-to-raise-rates-in-conn>