Sen. Formica Applauds Passage of Energy Stability Bill to Protect Ratepayers, Preserve Millstone’s Presence in CT

October 26, 2017

Hartford – Today the House of Representatives approved a bill initiating an appraisal to determine what actions are needed to preserve Millstone Power Station’s presence in Connecticut. Passed last month by the state Senate, 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 General Assembly’s passage of the bill.

“This is incredible news for our region as well as the entire state of Connecticut,” said Senator Formica. “I applaud all the lawmakers who joined together to protect a vital baseload energy source, build a bridge to a renewable future, and preserve thousands of jobs. Millstone is the largest single power source in New England and provides over half of Connecticut’s daily power and 30 percent of the power for all of New England. It is a carbon-free energy source that plays a major role in helping the state achieve its goals to reduce greenhouse gas emissions. Yet Millstone, like other nuclear power sources throughout the nation, is in danger of closing due to the effects of national market changes. Not only would a closure threaten local jobs and cost Waterford its number one taxpayer, it could lead to skyrocketing energy costs hurting ratepayers across the state. I applaud my colleagues who worked together in a bipartisan manner to pass this much needed legislation which would allow Millstone to compete in the energy market if determined to be in the best interest of ratepayers.”