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."