Briefing on Milford Power Project

Milford Power Project is a 578 MW natural gas plant in Connecticut with a consistent generation profile, but has faced fire incidents and natural catastrophe risks.

Overview

• Milford Power Project is a 578 MW natural gas-fired combined cycle plant located in Connecticut.

• It has been Operating since 2004 and is owned by Milford Power Co LLC, with Vistra as the parent company.

• The plant operates within the ISO New England grid, under NPCC NERC region, and ISO New England Inc. as its Balancing Authority.

Fleet Details

• The facility consists of 2 generators utilizing Natural Gas Fired Combined Cycle technology.

• It generated 3368 GWh annually with a capacity factor of 66.5%.

• Recent generation figures include 326 GWh in October 2025, 101 GWh in November 2025, and 305 GWh in December 2025.

Financial Profile

• The capital expenditure (CapEx) for the project was $965/kW (Source: eia_agg_cost).

Risk Factors & Incidents

• A fire incident was reported with the signal: "Fire Breaks Out At Milford Power Plant."

• The plant is exposed to a R12_NATCAT_FM risk factor.

The Milford Power Project is a significant natural gas asset in New England, demonstrating consistent operation and generation. However, its operational history indicates vulnerability to fire incidents and natural catastrophic risks, which warrants careful consideration for future reliability and insurance implications.