This latest ratings action is independent confirmation that the Connecticut regulatory environment is harming the ability of electric, water and gas companies to hold financing costs down for

Credit-rating agency Standard & Poor (S&P) has downgraded the credit rating of four Connecticut utilities, saying that the state’s “regulatory construct … will increase the utilities' cash flow volatility,

The credit rating downgrade for Eversource by Standard & Poor's comes after the rating agency took similar action against two CT gas companies

S&P announced on Monday that Eversource’s credit rating has been downgraded. Eversource said it is bad news for customers.

Utility companies in Connecticut are warning customers that bills are likely to go up again. Eversource, Connecticut Natural Gas (CNG), and Southern Connecticut Gas (SCG) all had their credit ratings lowered in the last week from a rating in the A range down to a BBB+.