OP-ED: Raising Electric Rates in Hopes of Lowering Electric Rates in the FutureMay 8th, 2010 | By Environmental Headlines -- CT environmental news | Category: Energy Conservation, Legislation
Early Wednesday morning, the Connecticut legislature passed a sweeping energy bill with the laudable goal of lowering electricity prices in Connecticut. The measures adopted in the bill, however, are much more likely to push prices up than to drive them down.
The energy legislation now sitting before Gov. M. Jodi Rell increases electricity prices for Connecticut’s residents and businesses by requiring them to assume the costs and risks of new electric generation development and supply procurement, plus the costs for investing in new solar infrastructure, making Connecticut more reliant on solar energy at a time when it is one of the most expensive sources of energy.
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