Connecticut Water customers are expected to save $10 million over the next two years as part of a recent settlement agreement between the water supplier and the state of Connecticut.
State officials explained that recent changes were made in the Internal Revenue Service's accounting regulations, and as such Connecticut Water Company stands to recover approximately $10 million for taxes paid since 2010. As part of a settlement agreement with the state Attorney General's Office and the Office of Consumer Counsel, Connecticut Water will pass along the savings to customers over the next two years.
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