Lobbyists crowded into a committee room at the General Assembly to watch the inevitable advance Tuesday of a bill that sponsors say would simultaneously lower electric rates and stabilize profits generated by the Millstone Nuclear Power Station. Opponents say the bill would cost ratepayers and produce a windfall for the plant’s owner, Dominion Resources of Virginia.
State legislators are grappling for the second year in a row over whether to allow the owners of the Millstone Nuclear Power Station to sell electricity to Connecticut’s utilities.
A national campaign by the nuclear industry to stabilize profits in a volatile energy market scored a victory Friday night with the unanimous passage of bipartisan legislation changing the rules for procuring electricity in Connecticut, a state heavily reliant on nuclear power.
Evan Bayh, the former governor of a coal-burning, nuclear-free state, arrived in Hartford as the smiling face of the nuclear power industry Thursday, making a soft sell for Connecticut to consider ways to keep its Millstone station economically viable.
The economic viability of the Millstone nuclear station in Waterford, the largest power plant in New England and a crucial factor in Connecticut’s commitment to reduce greenhouse gases, is about to become a major issue in Hartford.