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Opposition to Taxing the Nuclear Power Plant
Fri April 15, 2011
Millstone Threatens Shutdown Over Tax Issue
Legislators, municipal leaders and business people from Southeastern Connecticut have voiced opposition to a plan to tax the Millstone nuclear power plant. WNPR’s Harriet Jones reports.
A bill currently making its way through the legislature would impose a tax on electricity generation. The way the measure is structured, the bulk of the projected $342 million in revenue would come from Dominion, the owner of the Millstone nuclear plant. Dominion has said that in response, it may have to close one or more of the plants reactors. Senator Andrea Stillman says the measure is shortsighted.
“It sends a troubling message that in fact Connecticut is pursuing an anti business agenda. This very onerous tax scheme, if it passes would jeopardize as many as 1,100 jobs, at a time when every single one of us in elected office says job creation and economic growth are the number one priority for our state.”
Stillman says she believes if the tax is enacted, the cost of it will be passed along to ratepayers. Waterford municipal officials told the press conference that although the measure has yet to be taken up, it’s already causing so much uncertainty in the community that it’s affecting the town’s bond rating.
For WNPR, I'm Harriet Jones.