The utility industry refers to the sector of the economy that provides essential services such as electricity, water, natural gas, and telecommunications to residential, commercial, and industrial customers. Utilities can be publicly owned, privately owned, or cooperatively owned, and they often operate under government regulations to ensure reliable service and fair pricing. The industry is crucial for everyday life, as it delivers necessary resources for heating, cooling, cooking, and sanitation, as well as powering modern infrastructure. Additionally, the utility industry is increasingly involved in sustainable practices, such as integrating renewable energy sources, managing energy efficiency programs, and addressing environmental impacts. The sector’s operations are characterized by significant capital investment, extensive infrastructure development, and ongoing maintenance to meet the demands of consumers.
The utility landscape in Connecticut is facing a serious challenge. With regulators entwined in the turmoil, credit ratings from top agencies like S&P and Moody’s have plummeted, affecting numerous companies…