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Never Happen!
Millstone submitted 24 different bids for different term lengths and quantities. DEEP selected the ten-year bid for about 50% of the entire facility's output.The Governor's Office noted a normal utility rate of return on equity is 9%. However, it said DEEP would consider 12%-15% "reasonable for a merchant plant with a long-term contract". It said Dominion has sought a rate of return "that is not in the best interests of ratepayers".The Seabrook plant - which had not stated it was at risk of early retirement - was selected on the basis of its price of 3.3 cents/kWh levelised (3.9 cents/kWh nominal). The Governor's office said this price "beats the market forecast and is projected to save Connecticut ratepayers USD18 million per year over its eight-year term".The Seabrook contract begins in 2022 and is for 1.9 million kWh of electricity.
