Michael L. Nealy, Business Manager
Around the Local
Connecticut lawmakers are weighing House Bill 5340, which would allow customers to install plug in solar panels up to 1,200 watts without utility approval, lifting regulatory barriers that have kept so called balcony solar in a legal gray area despite growing consumer interest.
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A New York investment firm has purchased a flex industrial office building in Stratford for $4 million, marking its entry into the lower Fairfield County market. The property sits on 3.21 acres and was built in 1982, appraised at $4.1 million in 2024.
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Connecticut utilities are now incentivizing businesses to host battery systems on their properties to help flatten electricity demand spikes, creating an opportunity for commercial customers to generate income while reducing their own utility costs and gaining backup power.
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Warner Bros. Discovery agreed to be acquired by Paramount Skydance in a $110 billion deal, ending a bidding war after Netflix withdrew its offer. The transaction is expected to close in Q3 2026 pending regulatory and shareholder approval.
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EEI and IBEW presented Senators Susan Collins and Jack Reed with the John D. Dingell Award for their sustained bipartisan support of the Low Income Home Energy Assistance Program, with Collins securing a $20 million funding increase to bring total LIHEAP funding to $4 billion in FY2026.
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