Financing Set For Two Power Plants

By CURT CLARK

Published: May 01, 2009 12:00 am

NEW HAVEN â Construction of two new power plants in Connecticut is moving forward after The United Illuminating Co. and NRG Energy Inc. overcame problems in the credit markets and secured $534 million in loans.

New Haven-based UI and Princeton, N.J.-based NRG say the loans from a syndicate of nine major lending institutions will be used to build two, 200-megawatt generating units at power plants in Milford and Middletown.

Construction in Milford began a month ago and is slated to be done in June 2010. The Middletown project is set to begin next February and be completed in June 2011.

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You are correct, Bruce. I know how hard these plans are to put together, but I still believe that we can have more definitive and measurable goals. I know there are a number of units coming online, and the community truly needs them. If only we can move the development of affordable housing to more of a partnership between the community and the developers than the adversarial tug-of-war it seems to be now, that would be good progress.

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Here is the plan Newtown signed on to. https://westcog.org/wp-content/uploads/2022/07/Final-Newtown-Affordable-Housing-Annex_2022.pdf

Discusses Moratorium

I agree, but we need to make sure they are pedestrian activated. The ones on Glover were supposed to be by order of the Police Commission, but the ones installed by Public Works were the cheaper flashing light. A couple of extra dollars are worth the lives it can save.

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We have been doing the planning work. The State of Connecticut mandates every municipality to develop an affordable housing plan under C.G.S. §8-30j by June 1, 2022, to specify how they “intend to increase the number of affordable housing developments in the municipality.” In lieu of all eighteen municipalities in the Western Connecticut Region duplicating efforts to research, document and analyze affordable housing, the Council of Governments decided to work collectively by splitting the work into two parts: Regional Toolbox Specific, Policy Driven Municipal Annexes.

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Great Idea. We used a similar process when Pat Llodra wanted input on Fairfield Hills. very useful.

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Financing Set For Two Power Plants

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