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(Power)-Conn. panel pushes ways to cut electricity rates


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#1 Lightningrod

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Posted 01 March 2010 - 05:19 PM


HARTFORD, Conn. --

Connecticut lawmakers, responding to complaints from individuals and businesses about the high cost of electricity, unveiled proposals Monday intended to push down the retail price of energy.

A panel formed by House Speaker Christopher Donovan recommended that the legislature give electric companies more flexibility in how they buy power to take advantage of lower prices, establish a public authority to buy power for small- and medium-sized customers and repower aging fossil fuel plants to burn natural gas rather than oil or coal.

A proposal also would review legal restrictions against building nuclear power plants and conduct cost-benefit analyses of new construction.

"When I meet with businesses in my district, energy is one of the top complaints I hear about," Donovan said at a news conference.



http://www.forbes.com/feeds/ap/2010/03/01/...es_7396765.html
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