Bill to Protect Ratepayers, Preserve Millstone’s Presence in CT Signed into Law

Hartford – Today Governor Dannel P. Malloy signed a bill initiating an appraisal to determine what actions are needed to preserve Millstone Power Station’s presence in Connecticut. The legislation requires the state implement changes to support Millstone if determined to be in the best interest of ratepayers to provide energy stability, preserve the state’s largest carbon-free energy source, and keep energy rates down.State Senator Paul Formica (R-East Lyme), co-chair of the General Assembly’s Energy & Technology Committee, applauded the governor’s actions today.

“I thank Governor Malloy for recognizing the importance of Millstone to not only the southeast Connecticut region, but also to our entire state,” said Senator Formica. “This legislation is the result of bipartisan efforts including all stakeholders to protect a vital baseload energy source, build a bridge to a renewable future, and preserve thousands of jobs. In signing this bill, Gov. Malloy joins lawmakers in our efforts to ensure Millstone, the largest single power source in New England which provides over half of Connecticut’s daily power and 30 percent of the power for all of New England, remains here in Connecticut. This carbon-free energy source plays a major role in helping the state achieve its goals to reduce greenhouse gas emissions, it also provides thousands of good paying jobs and is Waterford’s number one taxpayer. I applaud all lawmakers who worked to craft, revise and strengthen this legislation throughout the past year, and I thank the governor for his support today and commitment to do what is in the best interest of ratepayers.”

Senator Paul Formica (R-20) represents the communities of Bozrah, East Lyme, a portion of Montville, New London, Old Lyme, a portion of Old Saybrook, Salem, and Waterford.