NEW HAVEN, Conn. (WTNH) — The state estimates the clean-up effort for New Haven’s English Station plant to be close to $30 million.
The Public Utilities Regulatory Authority must approve the deal before any resources can be committed. Should the clean-up bill total less than $30 million the state will disperse the difference for a public need. Should it go over $30 million, UIL Holdings and Iberdrola will have to look for other funding. UIL Holdings and Iberdrola are the companies who proposed the remediation of the island.
“This is an important settlement – to New Haven and to Connecticut. The English Station has long been a site that absolutely needed to be cleaned up and given a second life, and now it will be,” Governor Malloy said. “Connecticut has become a national leader on environmental issues, and we’ve worked tirelessly to transform vacant, existing sites across the state into revitalized spaces. This settlement is a major step forward towards making this land usable. It’s the right thing to do for the environment, and it’s good for growing jobs and expanding business.”
Iberdrola and UIL have proposed a merger of the companies to commit as many resources as possible to the clean-up efforts.