Connecticut signs up for nuclear electricity
http://www.world-nuclear-news.org/Articles/Connecticut-signs-up-for-nuclear-electricity
Never Happen!
Quote from: hamsamich on Jan 02, 2019, 07:31
Never Happen!
Trying to beat someone to the punch?
Quote from: hamsamich on Jan 02, 2019, 07:31
Never Happen!
Already happened.... You should read it.
QuoteMillstone 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.
Yeah....it was a joke (saying "never happen") ....I did read it.