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

Connecticut’s largest utility company, Eversource, has had its credit rating downgraded by the Standard and Poor’s agency. This means its customers in the state might have to pay higher rates.

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+.