After nearly a decade of our local power plant being shut down, a multi billion dollar improvement to the electrical grid and the re-opening of the Devon power plant UI promises an insulting savings of $3.00 to us the consumers.
This $3.00 savings will cost us reduced air quality, 900 Million dollars worth of construction traffic, mostly out of state jobs, and the transportation of dangerous and highly explosive gas through our district, and Milford.
Quite surprisingly Jim Richetelli is excited that this plant is opening, I am personally not certain why but I have heard him on occasion as touting this project as something of an achievement. I have yet to concur, especially in lieu of the fact that it will not save us much on electric and bring hazards to our district.
This paltry savings is not something that I conjure up out of "thin air" but is rather documented in this week Connecticut Post just click HERE. The article also cites a murky deal between Blumenthal and UI and CL&P mandating a 4 Million Dollar Refund. This Refund however will not find its way back to you because John Larkin, a spokesman for Milford Power, said he doesn't "expect there will be any decrease to consumers' bills, because the system is so complex and $4 million, when divided among the state's residents and consumers, is not a lot of money."
The time has come to continue challenging the "voodoo economics" of these energy giants and hold them to honest business. If they have One Million customers than of course the opposite works dramatically in their favor and with electric up nearly 100% in the last seven years they should have money bursting out of their vaults.
UI has instead "slapped its consumers in the face" by yet asking for another increase under a decoupling bill. They are upset that consumers cutting back on their electric usage, and their uncollected receivables has lowered their profit disappointing their investors on Wall Street.
Unless this power plant can provide a greater savings to the consumer, it should be opposed or annexed by the city of Milford for operation on behalf of its residents.
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