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Viability of Millstone nuclear plant to be reviewed

Connecticut Governor orders review of Millstone nuclear plant viability Reuters), 27 July 17  – Connecticut Governor Dannel Malloy has ordered state agencies to review the economic viability of Dominion Energy Inc’s Millstone nuclear power plant, which critics want shut down in the face of cheaper energy sources.

“We must objectively and thoroughly review and evaluate the relevant information and market conditions of the Millstone facility … in the context of reducing costs for consumers and moving our clean energy strategy forward,” the governor said in a statement on Tuesday…..

Millstone is among several nuclear power plants in danger of shutting before its licenses expire as cheap and abundant natural gas from shale fields keep power prices low, making it uneconomic for generators to keep some reactors operating…..

Opponents of state support for the reactors, like the Stop the Millstone Payout coalition, said “Millstone does not need a ratepayer-funded corporate payout.”

“Governor Malloy made the right call in seeking additional information from Millstone before any decision is made regarding financial support for the company,” said Matt Fossen, spokesman for the Stop the Millstone Payout coalition, in a statement…..

Since 2013, six reactors, including Dominion’s Kewaunee in Wisconsin, have shut for economic reasons. Another six are expected to shut over the next five years. https://www.reuters.com/article/us-usa-healthcare-idUSKBN1AC1G0

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July 28, 2017 - Posted by | general

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