Bill > SB00424

This bill empowers the Connecticut Commissioner of Energy and Environmental Protection to conduct a comprehensive review of power purchase agreements (PPAs) with nuclear power generating facilities signed or approved by July 1, 2024. Specifically, the commissioner will have the authority to require disclosure of all related contracts and financial arrangements, and to withdraw from or revoke approval of these agreements under two key conditions: if a disproportionate amount of funds paid to the nuclear facility are being used for capital projects or expenses outside the state, or if withdrawing from the agreement would be in the best interests of state residents. This legislation appears aimed at providing greater oversight and financial accountability for nuclear power agreements, ensuring that funds are being used in ways that benefit the state and its citizens. The bill gives the commissioner significant discretionary power to evaluate and potentially terminate existing power purchase agreements with nuclear facilities based on financial and public interest considerations.

Transportation and Infrastructure

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00424&which_year=2025