S&P Global has downgraded the credit ratings for Eversource, Connecticut Natural Gas, and Southern Connecticut Gas. The utilities say the drop is due to an “increasingly unpredictable and unstable regulatory environment created by the Public Utilities Regulatory Authority.

Two major utility companies in Connecticut have called the recent ratings downgrades by S&P Global proof that actions by the

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