Economy

Legislators look to limit profits utilities make on investments

Analysts say returns on equity can account for up to 20% of consumers’ monthly bills.
In this Feb. 16, 2021 file photo, pedestrians pass the New York Stock Exchange in New York. (AP Photo/Frank Franklin II, File)

Looking to blunt the ever-increasing cost of utility bills, state lawmakers are attempting to curb the profit that electric and gas utilities can make from investments.   

Lawmakers in at least six states introduced legislation this year that would limit the so-called return on equity that utilities can receive: Connecticut, Florida, Massachusetts, New Jersey, New York and Rhode Island

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