For Immediate Release: April 20, 2017
STOP THE MILLSTONE PAYOUT RELEASES NEW TESTIMONIAL AD, SMALL BUSINESS SAYS "A LOT OF BUSINESSES WILL HAVE TO CUT JOBS, JUST SO MILLSTONE CAN MAKE EVEN MORE PROFIT"
COALITION'S LATEST TESTIMONIAL AD HIGHLIGHTS IMPACT OF MILLSTONE CORPORATE PAYOUT ON SMALL BUSINESSES
Hartford, CT -- The Stop the Millstone Payout coalition today released the newest online ad of its digital campaign against the costly consequences of a corporate payout for the Millstone nuclear plant currently being considered by the Connecticut General Assembly. According to a recent study, the bill could cost Connecticut residents $300 million annually, all while Millstone continues to be profitable.
To view the ad, click here.
For a transcript of the ad, see below:
Miss Pavlidis: “Hi I’m Debbie Pavlidis...We’ve run a family owned business here in Torrington, Connecticut for the past thirteen years…Connecticut businesses pay some of the highest electricity rates in the country.”
Narrator: “But Millstone Nuclear Plant wants hundreds of millions more each year in a corporate payout, paid for by raising our utility bills even higher.”
Miss Pavlidis: “We can’t afford higher rates. A lot of businesses will have to cut jobs, just so Millstone can make even more profit.”
Narrator: “Ask your legislator to stop the Millstone payout.”
The ad’s release comes within weeks of a new study by Energyzt Advisors, LLC which found that S.B. 106 would cost ratepayers $300 million per year, as well as an independent report by the MIT Center for Energy and Environmental Policy Research which shows that Millstone is set to be the most profitable nuclear plant in the country between now and 2019. The ad also supports the coalition’s website, which was rolled out on March 2nd and gives the facts surrounding a potential payout - including the reality that Connecticut already has the highest electric rates in the continental United States, Millstone’s owner (Virginia based Fortune 500 firm Dominion Resources) made $2.1 billion in profits during 2016, and Millstone will receive nearly $600 million in additional ratepayer funded capacity payments over the next few years.