For Immediate Release: April 6, 2017
STOP THE MILLSTONE PAYOUT RELEASES NEW TESTIMONIAL AD, SENIOR CITIZENS CALL PAYOUT "A BIG DEAL"
NEW AD HIGHLIGHTS HOW CORPORATE PAYOUTS IMPACT CONNECTICUT SENIORS
Hartford, CT -- The Stop the Millstone Payout coalition today launched the next phase of its digital campaign against the costly consequences of a corporate payout for the Millstone nuclear plant currently being considered by Connecticut General Assembly. The first spot focuses on Connecticut’s seniors, the drastic effect that increased rates would have on their wallets, and comes in light of a new study by Energyzt that found that S.B. 106 and the de-facto Millstone payout it would create would cost ratepayers $300 million per year.
To view the ad on senior citizens, click here.
For a transcript of the ad, see below:
Mr. Battle: "Well I'm Bill Battle and I'm now retired....When you're on a fixed income, and the electric bill goes up, that is a big deal."
Narrator: "Connecticut already has some of the highest electricity rates in the country. But Millstone Nuclear Plant wants a huge corporate payout, paid for by raising your utility bill...Bloomberg says nuclear subsidies could cost the Northeast $3.9 billion dollars each year."
Mr. Battle: "It really isn't fair for us to have to pay more, just so Millstone can make a higher profit."
Narrator: “Ask your legislator to stop the Millstone payout."
Collectively, the ads support the coalition’s website, which was rolled out on March 2nd. The site 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 capacity payments over the next several years.
The efficient power generators officially announced their opposition to a Millstone payout on February 7th. Among their objections are Millstone’s refusal to disclose its financials, inability to support its claim that a payout would reduce rates for consumers and businesses, and failure to take advantage of existing regional opportunities to ensure the continued operation of nuclear power plants.