nuclear-news

New York is striving to implement one of the most aggressive renewable energy strategies in the nation. Yet at the same time, Gov. Cuomo wants to bail out the upstate and uneconomic FitzPatrick and Ginna reactors–which would only slow the deployment of renewables and would cost NY ratepayers billions.

Last week, we let you know about New York’s new proposal to subsidize most of the state’s existing nuclear reactors. And we promised you a more in-depth piece after we had a chance to digest the idea. So here you have it: It’s a really bad idea.

There’s a lot more to say, of course, but it’s good to start there and not lose sight of the big picture. As a reminder, here are the basics of what the state’s utility regulators are proposing: New York will establish a renewable energy standard to reach 50% renewable energy by 2030—this could be…