| 1 | 1 | | |
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| 2 | 2 | | |
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| 3 | 3 | | LCO No. 181 1 of 2 |
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| 4 | 4 | | |
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| 5 | 5 | | General Assembly Proposed Bill No. 424 |
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| 6 | 6 | | January Session, 2025 |
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| 7 | 7 | | LCO No. 181 |
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| 8 | 8 | | |
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| 9 | 9 | | |
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| 10 | 10 | | Referred to Committee on ENERGY AND TECHNOLOGY |
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| 11 | 11 | | |
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| 12 | 12 | | |
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| 13 | 13 | | Introduced by: |
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| 14 | 14 | | SEN. ANWAR, 3rd Dist. |
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| 15 | 15 | | |
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| 16 | 16 | | |
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| 17 | 17 | | |
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| 18 | 18 | | AN ACT CONCERNING THE REVIEW OF POWER PURCHASE |
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| 19 | 19 | | AGREEMENTS WITH NUCLEAR POWER GENERATING FACILITIES. |
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| 20 | 20 | | Be it enacted by the Senate and House of Representatives in General |
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| 21 | 21 | | Assembly convened: |
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| 22 | 22 | | |
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| 23 | 23 | | That the general statutes be amended to allow the Commissioner of 1 |
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| 24 | 24 | | Energy and Environmental Protection to (1) review the terms of any 2 |
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| 25 | 25 | | power purchase agreement entered into or approved by the 3 |
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| 26 | 26 | | commissioner and a nuclear power generating facility on or before July 4 |
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| 27 | 27 | | 1, 2024, (2) require the disclosure of any contracts or other financial 5 |
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| 28 | 28 | | arrangements entered into by a nuclear power generating facility 6 |
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| 29 | 29 | | incidental to such power purchase agreement, and (3) withdraw from, 7 |
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| 30 | 30 | | or withdraw approval for, any such agreement if the commissioner 8 |
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| 31 | 31 | | determines that a disproportionate amount of funds paid to a nuclear 9 |
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| 32 | 32 | | power generating facility pursuant to such agreement are being used for 10 |
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| 33 | 33 | | capital projects or other expenses outside the state or if such withdrawal 11 |
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| 34 | 34 | | is in the best interest of residents of the state. 12 |
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| 35 | 35 | | Statement of Purpose: |
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| 36 | 36 | | To amend the general statutes to allow the Commissioner of Energy and |
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| 37 | 37 | | Environmental Protection to (1) review the terms of any power purchase Proposed Bill No. 424 |
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| 38 | 38 | | |
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| 39 | 39 | | |
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| 40 | 40 | | LCO No. 181 2 of 2 |
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| 41 | 41 | | |
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| 42 | 42 | | agreement entered into or approved by the commissioner and a nuclear |
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| 43 | 43 | | power generating facility on or before July 1, 2024, (2) require the |
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| 44 | 44 | | disclosure of any contracts or other financial arrangements entered into |
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| 45 | 45 | | by a nuclear power generating facility incidental to such power |
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| 46 | 46 | | purchase agreement, and (3) withdraw from, or withdraw approval for, |
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| 47 | 47 | | any such agreement if the commissioner determines that a |
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| 48 | 48 | | disproportionate amount of funds paid to a nuclear power generating |
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| 49 | 49 | | facility pursuant to such agreement are being used for capital projects |
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| 50 | 50 | | or other expenses outside the state or if such withdrawal is in the best |
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| 51 | 51 | | interest of residents of the state. |
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