All but unnoticed as coronavirus tears through – the New England power grid is without 75% of its nuclear power.
State energy officials recommended Thursday that the Millstone nuclear power station be allowed to offer further evidence of financial distress as part of a new procurement process that could enhance the profitability of Connecticut’s biggest source of zero-carbon electricity.
A long-awaited assessment of the energy market released Monday by the state Department of Energy and Environmental Protection and the Public Utilities Regulatory Authority does not resolve questions about the economic viability of the region’s biggest provider of carbon-free electricity, the Millstone nuclear station at Waterford. State officials say they need more information from its owner, Dominion Energy.
Gov. Dannel P. Malloy signed a bill Tuesday that allows the state to enhance the profitability of Dominion Energy’s Millstone nuclear power plant in Waterford, while pointedly asserting that Dominion has not convinced his administration any such help is warranted.
After blocking similar bills over two years, the House of Representatives voted 75 to 66 for final passage Thursday of a measure variously derided as a windfall for a major energy company and praised as a responsible first step toward stabilizing the finances of Connecticut’s last nuclear plant.
One of the non-fiscal elements of the tentative budget deal calls for the House Democratic leadership to allow a vote on a bill designed to improve the profitability of Connecticut’s last nuclear power plant, Millstone, the subject of an epic lobbying campaign by its owner, Dominion Energy.
A two-year political odyssey by Dominion Energy to convince the Connecticut General Assembly that its Millstone nuclear station needed new rules for selling electricity to remain economically viable neared an end Friday.
The Connecticut General Assembly and the administration of Gov. Dannel P. Malloy have agreed in principle on bipartisan legislation authorizing state energy officials to take measures to stabilize the profitability of New England’s largest power plant, the Millstone nuclear station in Waterford.
Dominion Energy signaled an intention Friday to play hardball with state energy officials by questioning the need to share financial data sought by Connecticut state agencies that are jointly assessing the economic viability of its Millstone nuclear power station, the biggest source of electricity in New England.
After lobbying for financial relief for two years, Dominion Energy was non-committal Thursday about providing financial data sought by two state agencies tasked with assessing the financial viability of its Millstone nuclear power plant.
Call it a sign of desperation or a mark of creativity. One of the unconventional revenue-raising schemes considered by legislators in pursuit of an overdue budget would have Connecticut extract millions of dollars from Dominion Energy in return for legislation boosting the profitability of electricity generated by the company’s Millstone nuclear power plant.
Gov. Dannel P. Malloy signed an executive order Tuesday aimed at resolving hotly contested questions about the economic viability of the Millstone Power Station, a nuclear-powered generator of electricity crucial to Connecticut’s goals for reducing greenhouse gas emissions. The plant’s owner warned it needs immediate changes to keep Millstone open.
A standoff over a bill sought by Dominion Energy to boost the profitability of its Millstone nuclear power station temporarily stopped business in the closely divided House of Representatives on Wednesday, the final day of the 2017 legislative session. It failed to force a vote sought by Dominion.
Dominion Energy and its allies in the Senate Republican caucus managed Wednesday to salvage elements of a bill intended to stabilize the profitability of Millstone Power Station, a nuclear plant that produces nearly all of Connecticut’s carbon-free electricity.
A long, intense and expensive lobbying campaign by Dominion Energy has failed to find the votes in the Connecticut General Assembly for legislation intended to improve the profitability of its Millstone Nuclear Power Station by changing the rules for procuring electricity.