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Posted inEnergy & Environment

State says more data necessary to assess Millstone’s viability

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.

Posted inEnergy & Environment

CT’s preliminary conclusion: Millstone profitable through 2035

State energy officials concluded in a preliminary report released Thursday that the Millstone nuclear power station in Waterford will be profitable through 2035, undercutting its owner’s assertion that Connecticut must change how its electricity is sold or face the early retirement of New England’s largest source of carbon-free power. But they reached no conclusions on whether the profits represent a sufficient return on investment for the owner, Dominion Energy.

Posted inEnergy & Environment, Money

On CT’s budget, it turns out there may be a nuclear option

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.

Posted inEnergy & Environment, Money

Millstone cool to Malloy’s ordered study of nukes’ viability

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.