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Connecticut
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| Connecticut has the 7th highest retail electricity prices
in the nation. The 2000 state average rate of $95.20/MWh was 42 percent
above the national average retail rate. Connecticut rates are high because
of its large nuclear investment ($4.2 billion) and heavy dependence
on high cost oil units to meet customer demand. Recently, a nuclear
plant was retired from service because of its high cost and high repair
costs, and additional nuclear retirements are likely. Only 12 percent
of in-state utility generation came from the single utility coal-fired
unit. |
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