The Millstone Nuclear Power Station will stay open for another 10 years – a prospect that had been in some doubt recently even after it was selected in December as a winner of the final carbon-free energy competition by the Malloy administration.
The operator of Connecticut's largest power plant, Millstone Power Station, has failed to negotiate a long-term contract with the state's two utilities, and is now threatening to retire the nuclear facility if a deal is not struck by the end of next week.
Capping an approximately three-year lobbying push at the state Capitol by Dominion Energy, Connecticut's sole nuclear plant has won a state-assigned contract that will enable it to sell approximately half of its massive output to electric ratepayers over the next decade, state officials announced Friday.
State energy regulators still see Millstone Power Station as at risk of retirement due to the nuclear plants current financial troubles amid rising costs and competition from natural gas.
After a review of the Millstone Power Station's financials, Connecticut's energy regulator has deemed the nuclear plant to be at risk of retirement beginning in 2023.
A potential hiccup in controversial competition for long-term electricity contracts that involves Connecticut's sole nuclear power plant appears to have been averted, after state regulators tweaked the terms of its bidding process.
Waterford's Millstone Power Station on Monday notched another victory in its quest to secure long-term contracts to sell electricity to Connecticut's utilities.
The parent company of Millstone Power Station says United Illuminating's recent claim that the nuclear plant earned a profit windfall during an eight-day cold snap earlier this month is misleading.
Both sides of a long-running debate over the future of nuclear power in Connecticut are using a recent bout of bone-chilling temperatures to make their case to regulators weighing whether to hold a state-led selection of power generators that would allow Millstone Power Station to compete for long-term supply contracts.