Dominion Dilemma at the Legislature. Exclusive Barclays Financial Analysis on Future of Power Generation in Connecticut.
The legislature is confused. Its members do not know what to do about the Dominion proposal to give the energy giant more options on how it sells the electricity it generates in Connecticut at its nuclear power facility. The company is looking, as many companies do, for some insulation from market gyrations. Enough legislators are either confused or opposed to the Dominion proposal.
Financial analysts have taken note. Here’s what one from Barclays thinks and it is not good for Connecticut. Click to enlarge.
Dominion, keep in mind, generates energy without adding to the state’s carbon emissions. How many solar panels and wind turbines will it take to replace it.
State Senator Beth Bye (D-West Hartford) takes a different view. She unleashed a splenetic post on Facebook:
Extortion? Is that what hundreds of millions to Pratt & Whitney was? Bye didn’t characterize the Jackson Labs in Farmington as extortion when it made a sweet deal to create a facility in her district? How about those millions to Cigna? Extortion or investment in Connecticut’s future? Often hard to tell the difference.
Where in West Hartford will Bye want all those wind turbines sited to replace the power generated in Waterford if Dominion departs Connecticut?
UPDATE: A reader points out that Bye voted for a 2015 bill that established the same process for natural gas that Dominion is seeking in its proposal this year.
Updates as events demand.
June 6, 2017 10:00 am Comments Off on Dominion Dilemma at the Legislature. Exclusive Barclays Financial Analysis on Future of Power Generation in Connecticut.
Never Enough. DOT’s “Value Pricing” Study Maps Reveal Vast Network of Tolls.
These maps tell the tale of what legislators supporting tolls will be imposing on Connecticut residents. The maps from 2015 and 2016 studies refute the myth of out of state drivers bearing the burden of this network of tolls. Those red and green dots tell of a more costly future for Connecticut residents.
Notice that routes 2, 8, 9, and 11 are included, though they are not border roads. You can’t raise anything close to $18 billion with just border tolls.
June 5, 2017 11:26 am Comments Off on Never Enough. DOT’s “Value Pricing” Study Maps Reveal Vast Network of Tolls.
Murphy, Terrorism and Falling Objects.
Senator Christopher Murphy (D-CT) took to Twitter to confirm his curious view of terrorism in the aftermath of Saturday’s London attack. Former Republican state Representative and 2016 U.S. senate candidate Dan Carter responded.
June 5, 2017 10:41 am Comments Off on Murphy, Terrorism and Falling Objects.
Davis Supports Casino Referendum. Local Colleagues Join East Windsor Republican on Crucial Amendment.
State Representative Christopher Davis (R-Ellington), who represents most of East Windsor, and his local House colleagues, have filed an amendment to the slot shack bill that would require a local referendum to approve or disapprove authorizing a Mashantucket Pequot/Mohegan casino in East Windsor. Defeat of the proposal by East Windsor voters would terminate the process.
The amendment ought to sail through the House. Who could oppose giving the people of East Windsor a chance to participate in what everyone agrees is a critical decision? The tribes were happy to participate in local referendums in Massachusetts when they wanted to take jobs away from Connecticut by building facilities there. The Mohegans, readers may recall, went down to spectacular defeat in a Palmer referendum, clearing the path for MGM to build a casino in Springfield.
Let them vote.
June 2, 2017 1:03 pm Comments Off on Davis Supports Casino Referendum. Local Colleagues Join East Windsor Republican on Crucial Amendment.
Tolls: A Modest Proposal.
The legislature is wrestling with the terrible idea of adding tolls to state residents’ considerable burdens. Here is a suggestion for an amendment to propose during the debate. Prohibit legislators from receiving reimbursements for toll expenses. We do not need one more preposterous expense (they already include mileage) added to the calculation of legislative pensions.
It’s a simple amendment. Ask for a roll call.
And then move on to the elimination of the gas tax if tolls are imposed. Anyone with a sense of what instincts move legislation knows that tolls will prompt the Democrats to start using gas tax revenue for general fund expenses.
June 2, 2017 9:45 am Comments Off on Tolls: A Modest Proposal.
New York Winning Competition for Aetna Headquarters.
New York is far ahead of Boston in the competition for Hartford-based Aetna’s new headquarters, Daily Ructions can report. After 164 years in Hartford, the insurance giant invited proposals from Boston and New York. The city that never sleeps is soon expected to win a public acknowledgement of its victory.
The move from Hartford will initially involve several hundred top corporate jobs moving to a new home base in Manhattan. The decision has involved many factors. One is the cultural shift to large urban regions favored by young talent. Another obstacle for Hartford has been dynamic Aetna CEO Mark Bertolini’s famously frosty relationship with surly Governor Dannel P. Malloy. Senator Richard Blumenthal’s opposition to Aetna’s merger with Humana confirmed Connecticut’s top political leadership’s hostility to a company trying to grow in an industry facing urgent challenges in and out of the marketplace.
Aetna executives and representative have begun to inform public officials that the headquarters search process is close to a conclusion. The announcement should provoke a searching examination of the policies that have caused Aetna–on the heels of GE–to leave Connecticut.
May 30, 2017 8:01 pm Comments Off on New York Winning Competition for Aetna Headquarters.
HPD Union President: “Do Not Forget to Put in for Overtime/Comp Time.”
Here’s a searing light on the intractable challenge of getting Hartford’s operating costs under control. The mayor, Luke Bronin, is holding meetings with employees to assist them in understanding what Hartford faces at its appointment with critical decisions this spring. Members of the Hartford Police Department are urged to attend one for them by their chief and the head of the police union.
The meeting is this afternoon. The president of the police union adds a sentence that reveals the wrenching ordeal ahead: “All off-duty personnel who attend, please do not forget to put in for overtime/comp time.”
May 25, 2017 11:53 am Comments Off on HPD Union President: “Do Not Forget to Put in for Overtime/Comp Time.”
Authoritarian Instinct: Herbst Loses His Way With Citizen’s Alert.
Trumbull First Selectman Tim Herbst reminds us once more that he cannot control his authoritarian instinct. The easily excitable Republican used Trumbull’s Citizen Alert notification program to blast a flyer local Democrats distributed to 1,000 homes in the Fairfield County suburb.
The handout seems like normal political discourse in a free society. Not to the thin-skinned candidate gubernatorial hopeful. He recorded a message decrying criticism of a proposal to sell some town-owned properties by engaging the municipal system that alerts locals to emergencies such as approaching severe weather. The Trumbull Times has the story and a helpful reproduction of the handout opposing Herbst’s proposal.
The local issue raises the persistent question of Herbst’s ugly personality. Republican donors and delegates who want eight more years of nasty in the state’s top office have found their candidate in Herbst.
May 23, 2017 3:25 pm Comments Off on Authoritarian Instinct: Herbst Loses His Way With Citizen’s Alert.
Katz’s Broadband Office Disdains Communications Workers in Favor of Australian Conglomerate.
In its ardent pursuit of Australian conglomerate Macquarie for municipal fiber network deals, consumer counsel and broadband boss Elin Katz and her people have been disdainful of Communications Workers of America leaders in Connecticut.
As Katz’s chief broadband subordinate William Vallee wrote in one of many cloying messages to his boss, “Yo da Hammah.”
May 14, 2017 4:52 pm Comments Off on Katz’s Broadband Office Disdains Communications Workers in Favor of Australian Conglomerate.
OCC Elin Katz on Communications Workers Who Opposed Her Corporate Favorite.
Utilities consumer counsel Elin Swanson Katz has spent much of her term diverted by her scheme to put strapped municipal governments into the speculative internet service provider business. Her determination caused her to lose her way and compromise her office. Katz has been a relentless booster of Australian financial company Macquarie Capital. Katz has been Macquarie’s biggest booster in Connecticut, especially in a potentially disastrous deal for gigabyte service in New Haven. At the same time, Katz is supposed to be a conflicts-free watchdog of the Macquarie conglomerate’s water division, Aquarion.
Katz’s nomination for a second term is double-starred on the House calendar and no one seems to have taken a look at the vast haul of Katz emails that highlight her persistent conflict. Click to enlarge the one above in which Katz sets out her dismay that Communications Workers of America leader Bill Henderson and his members want to keep their good jobs–in the private sector.
May 13, 2017 7:53 pm Comments Off on OCC Elin Katz on Communications Workers Who Opposed Her Corporate Favorite.