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Connecticut governor says Dominion needs to offer more info on Millstone

Published 08/15/2017, 11:35 AM
© Reuters.  Connecticut governor says Dominion needs to offer more info on Millstone
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  • Dominion Energy (D +0.4%) needs to work with Connecticut officials and provide information on the nature of its difficulties and how a competitive bidding proposal for the Millstone nuclear power plant would affect ratepayers, Gov. Malloy says.
  • "Dominion has done a bad job... of having this discussion with the people of Connecticut because they aren't willing to share any information," Malloy tells a local newspaper. "We're asked to trust them [but] every national publication or opinion that I've seen about nuclear say that these are two of the most profitable reactors in the country."
  • Malloy says he issued the executive order last month calling for a study of Millstone's economic viability because he wants to see the project preserved, if possible, but he also wants to know the "appropriate price or subsidy" to keep it.
  • "We're glad the governor recognizes the importance of Millstone... but as we said when the study was first announced, there needs to be action tied to a study and that falls under the legislature," says a Dominion spokesperson.
  • Now read: The Real Reason IBM (NYSE:IBM) Is Like A Utility


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