3.23.17: Statement on new Bloomberg report: $3.9 billion annual cost on consumers for nuclear subsidies

For Immediate Release: March 23, 2017

 

BREAKING: Bloomberg Report Estimates $3.9B Cost to Northeast Residents Annually to Pay for Nuclear Subsidies

Hartford, CT -- Matt Fossen, spokesman for the Stop the Millstone Payout coalition, released the following statement today on a new report from Bloomberg Intelligence declaring that subsidies for Northeast nuclear reactors will cost consumers as much as $3.9 billion annually:

"This report proves once and for all that Connecticut ratepayers simply can't afford the Millstone bill.  Connecticut already has some of the highest electric rates in the country.  Adding another $3.9 billion annually to the region's already high energy costs could very well be the breaking point for many residents and businesses. It's just wrong to ask them to shoulder an even greater burden just so Millstone's Virginia-based corporate overseer Dominion can line its pockets. We strongly urge legislators to act now and stop the Millstone payout."

For more information on the report, please click here. Further analysis can also be found by clicking here.

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