Connecticut Energy Corporation history

By 1981, NU was obtaining 54 percent of its energy from nuclear power, the highest ratio for a company of its size in the nation.

CL&P absorbed Hartford Electric Light Co. in 1982, assuming Hartford's outstanding bonds and other obligations.

CL&P started paying fees to the United States Department of Energy for the disposal of spent fuel in 1983.

Millstone III, Connecticut's fourth and largest nuclear power plant, was completed in 1986 at a cost of more than $3.8 billion, compared to its original estimate of $400 million.

In June 1987, the federal Securities and Exchange Commission ordered NU to divest itself of its natural gas business.

As a result, CL&P's Connecticut Gas Co. unit was transferred in mid-1989 to a new holding company formed by NU, Yankee Energy Gas System, Inc.

CL&P got another break in 1990, when state regulators gave it permission to charge ratepayers for $167 million, or about 60 percent, of its $276.5-million investment in construction of the Seabrook, New Hampshire, nuclear power plant.

A 1992 study estimated that CL&P's share of decommissioning costs for nuclear power plants totalled $801.4 million.

At the end of 1993, the company was providing electric service to over one million customers in 149 Connecticut cities and towns.

After centralizing its operations center in Orange, Connecticut, in 1994, several new subsidiaries were formed.

Finally, in 1996 Connecticut Energy created CNE Venture-Tech as a means of investing in advanced energy-related products.

SCG celebrated 150 years of operations in 1997.

The merger was approved in December 1999, and SCG prepared to begin a new century under new ownership.

On February 8, 2000, Connecticut Energy completed its merger with Energy East, and SCG became a wholly owned subsidiary of a leading energy company with two million customers, including 600,000 natural gas customers.

SCG also stepped in to assist following the tragic terrorist attacks against the United States on September 11, 2001.

"Historical Perspective, the Southern Connecticut Gas Company," Bridgeport: Southern Connecticut Gas Co., 2006.

In 2010, SCG and its sister companies, Connecticut Natural Gas and Berkshire Gas of Massachusetts, became subsidiaries of UIL Holdings Corporation.

The Connecticut Green Bank (“the Green Bank”) was established by the Governor and Connecticut’s General Assembly on July 1, 2011 through Public Act 11-80 as a quasi-public agency that supersedes the former Connecticut Clean Energy Fund.

UIL Holdings merged in 2015 with the United States holdings of Iberdrola, S.A. to form AVANGRID, Inc. (NYSE: AGR), a diversified energy and utility company with two primary lines of business in 27 states.

UConn men’s basketball team lands another guard as Joey Calcaterra transfers from University of San DiegoGuard Joey Calcaterra, who averaged 8.5 points, 2.8 rebounds and 1.2 assists in the 2021-22 season for the University of San Diego, will have one year of eligibility with UConn.The CourantUndo