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PURA Files Proposed Final Decision In Investigation Into Performance Mechanisms For Performance-Based Regulation Framework
From Proposed Final Decision:
[ *** ] Pursuant to § 1 of Public Act 20-5, An Act Concerning Emergency Response by Electric Distribution Companies, the Regulation of Other Public Utilities and Nexus Provision for Certain Disaster-Related or Emergency-Related Work Performed in the State (Take Back Our Grid Act), and in accordance with the April 26, 2023 Decision in Docket No. 21-05-15, PURA Investigation into A Performance-Based Regulation Framework For The Electric Distribution Companies (Phase 1 Decision), the Public Utilities Regulatory Authority (Authority or PURA) issues this Decision adopting a set of Reported Metrics, Scorecards, and Performance Incentive Mechanisms (PIMs; collectively, Performance Mechanisms), as part of the Authority’s Performance-Based Regulation (PBR) framework (PBR Framework).
The Authority adopts these Performance Mechanisms in alignment with the four regulatory goals, five foundational considerations, and nine priority outcomes established in the Phase 1 Decision. The adopted Reported Metrics, Scorecards, and PIMs are designed to enhance transparency, accountability, and incentivize performance for the electric distribution companies (EDCs), and together form the Authority’s PBR Performance Mechanism Portfolio.
The PBR Performance Mechanism Portfolio adopted in this Decision reflects the culmination of extensive stakeholder engagement, iterative refinements, and Authority analysis. First, the Decision outlines the Design Principles that guided the Authority’s development of the adopted PBR Performance Mechanism Portfolio. Second, the Decision presents the Authority’s final determinations for each Performance Mechanism, organized by priority outcome. Finally, the Decision establishes reporting parameters, including the commencement of Scorecards and
Reported Metrics as soon as practicable, and the development of EDC-specific PIMs through subsequent rate case proceedings.
The adoption of this PBR Performance Mechanism Portfolio represents a significant milestone in advancing Connecticut’s PBR Framework and affirms the Authority’s commitment to aligning utility performance with the public interest. The complete set of Performance Mechanisms, organized by priority outcome, is provided in the PBR Performance Mechanism Portfolio in Appendix A. [ *** ]
Proposed Final Decision (07/14/2025)
21-05-15RE02 (05/23/2023)
(PURA Investigation into Performance Mechanisms for a Performance-Based Regulation Framework)
