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Ned Lamont: “That hedge has now made us about $250 million US meaning…”

Featuring: Ned Lamont, Democratic | Governor of Connecticut

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Lower electricity rates approved in Connecticut

Published | Video Starts at 12:00

Now, as Norm said, every time Putin and Trump invade another country or have an extremely cold winter like we had in January and February, where the president price of electricity goes through the roof, That hedge has now made us about $250 million US meaning you, the ratepayers, $250 million last year and $200 million this year and counting. That means we've been able to really eliminate the public benefits charge, you know, for the foreseeable future, say the next year or so. (12:00–12:10)

CLAIM

Asserts that the hedge deal saved ratepayers $250 million last year and $200 million this year.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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