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Inquiry into Millstone nuclear station’s financial situation

Inquiry opens into fiscal condition of Millstone nuclear station, The ct mirror, By: MARK PAZNIOKAS | August 17, 2017 “….. Dominion was non-committal Thursday about whether it will provide the financial data sought by two state agencies tasked by Gov. Dannel P. Malloy with assessing by Feb. 1 whether the state needs to change the rules for how electricity is bought and sold to ensure the financial viability of Millstone.

Dominion offered no testimony Thursday as the Department of Energy and Environmental Protection and the Public Utilities Regulatory Authority formally opened the assessment with a public hearing in Hartford, the first of several public sessions. Several of its competitors urged the two agencies to grant no relief unless Dominion proves its case…..

At issue is how much longer Millstone will remain profitable. Dominion disputes portions of the MIT study, as well as an assessment prepared in April for the Electric Power Supply Association that concluded the plant is profitable and will remain so for five years…….

Dominion and its opponents, both competitors and consumer advocates like AARP, spent heavily on lobbying during the legislative session to resolve the issue politically. Tom Swan of the Connecticut Citizen Action Group said Dominion hardly was eschewing politics.

“They’re looking to change the rules for them to get a special deal without the expectaton of being treated as a regulated utility, where their return is based on a cost of service,” Swan said during the hearing. “It is unfathomable to me that we would consider doing this.”


August 19, 2017 - Posted by | business and costs, USA

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