Draft Interim Decision Would Set Disposition Of Power Procured From Millstone Nuclear Units By Connecticut EDCs, Cost Recovery
August 30, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
The following story is brought free of charge to readers byEC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
A draft Interim Decision from the Connecticut Public Utilities Regulatory Authority would approve ten-year power purchase agreements between Dominion Energy Nuclear Connecticut, Inc. and Connecticut Light & Power and United Illuminating Company, and addresses disposition of the power and cost recovery
The agreements apply to approximately 50 percent of the energy output of the Millstone units.
Under the draft, PURA would accept the EDCs’ proposed approach to resell or convey any of the products purchased under the agreements, "but reserves the right to investigate alternative approaches with regard to the use of the Products in a separate proceeding."
The PPAs provide the EDCs with the exclusive right to resell or convey such products in each EDC's sole discretion.
The EDCs said that they will resell or convey the products purchased in a manner that is in the best interest of ratepayers
"With regard to the EDCs administration of the PPAs, the Authority fully expects that the EDCs will rigorously protect ratepayer interests under the PPAs and take every cost-effective measure to maximize the value of the PPAs for their ratepayers. The Authority will carefully review the EDCs’ administration of the PPAs to ensure that their administration has been prudent and appropriate," the draft says
The draft would approve the use of the nonbypassable federally mandated congestion cost (NBFMCC) to recover any costs associated with the PPAs, or to provide any net benefits to customers.