The Connecticut Green Bank paid out $148,526 in severance packages for three employees and allowed one of those employees to remain employed until reaching ten years of service and becoming vested in Connecticut’s pension system, according to State Auditors. According to the audit released Wednesday, the three employees – two ...
A bill to create an “Environmental Infrastructure Bank” would add a one mill per kilowatt hour tax onto electric bills for Connecticut residents, who already pay the highest electric rates in the continental United States, according to the Global Energy Institute and U.S. Energy Information Administration. The tax will be ...
Despite pushing a tax on grocery bags and a state carbon tax due to environmental concerns, Sen. Ted Kennedy, D-Branford, voted against allowing electric vehicle makers to sell their products directly to consumers in Connecticut.
Connecticut is naughty both for energy policy and energy prices. According to the Pacific Research Institute’s most recent 50 State Index of Energy Regulation, Connecticut has a lot of work to do. The state’s regulatory scheme ranks 47 in the country. The Index measures the regulatory burdens placed on consumers and producers of energy by each state, ranking them accordingly.
Plans to bring more natural gas to New England to lower the region's high energy prices face trouble. Two separate pipeline plans would have brought more natural gas, a relatively clean and low-cost fuel, to the region while investing more than $4 billion in the projects, but one developer dropped its plan last week. Kinder Morgan pulled the plug on its planned regional pipeline that would have invested $3.3 billion in the region. Company officials said in announcing the change in plans that the company could not find the support and consumers necessary to make the investment.