The Connecticut Resources Recovery Authority announced that it will begin charging extra for collection of recyclables. The decision was made late last week by the CRRA’s board.
The decision to raise the service fees by 30 percent is being designed to help offset $220 million the agency lost through an agreement the authority put together with bankrupt Enron.
Under the deal, the authority gave Enron $220 million up front. In return, the collapsed Houston energy giant was to pay $26.4 million a year for power from a Hartford energy plant that Enron would sell on the open market.
The authority called the deal an energy transaction. The state attorney general's office said Wednesday it was an illegal, unsecured loan to Enron, which declared bankruptcy in December.
The authority's fees will increase in July from $51 to $67 per ton. The authority also approved a new $20 per-ton charge for recyclable material. Associated Press
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