CT’s Millstone Nuclear Power Plant Says New Tax Would Be Too Much

HARTFORD, CT (WCBS 880) – The owner of the Millstone nuclear power plants in Waterford, Connecticut says they could not continue to operate if the state imposes the new power generation tax.

WCBS 880 Connecticut Bureau Chief Fran Schneidau on the nuclear battle

Dominion, the company that owns the two plants, says the tax would cost $330 million a year.

“We’re in the business to make money. If this tax would remove that profit for us, then it would make no sense to operate the units,” says spokesman Ken Holt says. “The burden that’s gonna be placed on Dominion is going to make Millstone not viable economically.”

But State Senator John Fonfara, co-chair of the energy committee, disagrees.

“Dominion has done very well under the current regime since we deregulated,” says Fonfara. “When we look at their annual report, we believe that they will continue to do very well even if the full breadth of this tax were imposed.”

  • Jim Vrobel

    Remember if they have to pay more in taxes the only place to get the money is from customers. This is a tax that will have to be passed onto the customer if it is passed.

  • KnowNukes

    Ahh, another fine example of government penalizing success and subsidizing failure. No wonder so many companies have left CT…

  • Rick


    Charles is right – why would anyone accept the risk of running a business with $0 profit incentive. Get your head out of the sand and ask your legislators why they have overspent the State budget so recklessly.

  • gerry

    OK, so shut down. Just don’t forget your decommissioning responsibilities, $600 million should do it.

    • Charles

      Gerry, would you go to work if your whole paycheck went to someone else?

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