“Whether consumers weary of high energy prices might agree depends on whether New Jersey, Massachusetts and Maine allow alternatives that can take the place of Broadwater Energy's plan for the Sound.”
So says the authoritorial Hartford Courant a day after Gov. Jodi Rell and Connecticut’s battle weary Attorney General Richard Blumenthal broke out the bubbly; the two were celebrating the demise of Broadwater, the offshore natural gas terminal that had been nixed by New York Governor David Paterson.
It turns out, according to the most recent Courant report, that “without their project in place, households and businesses in Connecticut can expect electricity and natural gas prices to climb. Demand for natural gas, especially by power plants, continues to grow and the region has a limited number of pipelines to get gas into the state.
“The other liquefied natural gas terminals proposed, in locations in Delaware and New Brunswick, Canada, will do little for Connecticut, Broadwater officials said, and that's assuming they win approval.
“‘The alternatives that the opposition points to don't exist, haven't been reviewed or aren't designed to serve Connecticut or New York,’ said John Hritcko Jr., a senior vice president for Broadwater, a consortium of Shell Oil and the TransCanada Pipeline.”
The high price of electricity in the state is tied directly to the availability of natural gas. Increasing the supply would bring down the price by about $300 per year per median household, money Connecticut taxpayers may need to pay for expenses incurred by their improvident legislature, dominated by Democrats living in environmental bubbles.
Bottom line: The last person leaving Connecticut may not have to shut off the lights. Rell, Blumenthal and the spendthrift legislature have already done it for you.
Message to businesses considering relocating in Connecticut: Move along, there's nothing to see here.