Bridgeport Harbor Unit 3 Economically Unsustainable: Healthy CT Alliance

Jan 23rd, 2014 | By | Category: Featured Story

The Healthy CT Alliance issued the following statement today upon the release of an independent report concluding that profits from the last coal-fired power plant in Connecticut have plummeted and are unlikely to recover.

“This report confirms what we’ve known all along: that the era of getting our energy from dirty coal is over, and it’s time to plan for Bridgeport’s future,” said Elaine Thompson-Ward on behalf of the alliance. “Bridgeport Harbor Station isn’t profitable anymore, and it’s on its way out. It’s up to us, the plant’s neighbors, and our local leaders to make sure there’s a plan in place for what happens after the plant retires. This is an incredible opportunity for a forward-thinking vision for a Bridgeport with clean air and a stronger, 21st-Century economy.”

The report, titled “When, Not If: Bridgeport’s Future and the Closing of PSEG’s Coal Plant,” was issued by the Institute for Energy Economics and Financial Analysis in Cleveland, OH. It found that PSEG’s Bridgeport Harbor Unit 3 is economically unsustainable and recommends that the plant’s owners and the City of Bridgeport plan for the closure of the plant within the decade.

The alliance is planning a press call for noon tomorrow to respond more fully and talk with reporters—stay tuned for details.

IEEFA’s report and a PowerPoint presentation on its key points may be viewed at http://www.ieefa.org/report-when-not-if-bridgeports-future-and-the-closing-of-psegs-coal-plant.

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