Thursday, November 17, 2011

Connecticut Light and Power CEO Resigns Amid Criticism

The CEO of Connecticut Light and Power has resigned. Jeff Butler has stepped down after his company failed to restore power following the October nor'easter in any semblance of a timely manner, and after withering criticism over how the company failed to make necessary preparations ahead of the storm that could have mitigated the disastrous blackouts and restored power more swiftly.

There are multiple investigations into CLP's mishandling of both Hurricane Irene and the snowstorm, and one area of attention is whether the company put profits ahead of power distribution and maintenance programs (including tree trimming).

No comments: