nuclear-news

Tax-payer money proposed in Senate, to keep uneconomic Fitzpatrick nuclear plant going

Senate proposal includes $100M to keep Fitzpatrick nuclear plant online, North Country Public Radio,  by Payne Horning (WRVO) , in Oswego, NY Mar 15, 2016 — The New York Senate Republican budget proposal includes money for Oswego County’s Fitzpatrick nuclear power plant. It would give $100 million to try to extend the life of the financially struggling plant.

The money would provide the immediate support Fitzpatrick needs to pay for the costs of refueling the plant, a lengthy and expensive process that has to take place this year. The ultimate goal is to keep Fitzpatrick open until 2017 when lucrative tax credits from the state could become available……..

Entergy is planning to close the facility next January because they said Fitzpatrick is losing $60 million annually. Since the decision to close the plant was announced last fall, lawmakers have been working to find a quick financial fix. If approved, the $100 million could be available as soon as April, but lawmakers in Albany are just starting the budget process and the proposal could be removed or changed. http://www.northcountrypublicradio.org/news/story/31295/20160315/senate-proposal-includes-100m-to-keep-fitzpatrick-nuclear-plant-online

March 16, 2016 - Posted by Christina Macpherson | business and costs, politics, USA