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Nuclear industry to get a heft subsidy from New York residents

text-my-money-2A hefty nuclear subsidy Times Union, July 25, 2016 “……… It’s one thing to keep nuclear plants running temporarily while the state transitions to green energy. It’s another to hand nuclear plant operators billions of dollars that could instead be used to move New York that much more quickly to a clean energy future.

The nuclear subsidies are being proposed in the state’s Clean Energy Standard. The CES, also known as the “50-by-30” plan — because it seeks to achieve the 50 percent clean energy goal by 2030 — would shift more of the state’s electricity supply to sources like wind, solar, hydropower and biomass, and away from fossil fuels.

Some want nuclear power in the mix, too, but it has some not-insignificant problems — the risk of an accident, and the still-unresolved question of safe disposal of radioactive waste. It’s hard to see nuclear power plants as being part of an environmentally sound energy future.

As a short-term bridge to that future, however, they could play a part, if they can stand on their own. Supporters say they can’t in the current market.

So the CES would include a program of “zero emissions credits” — a charge that utilities and energy service companies would pay to keep nuclear plants open. Those costs are expected to start at $965 million for the first two years, rising to about $1 billion a year, paid for by, well, pretty much anyone with an electricity bill……

What, however, is a reasonable windfall? Just how much do these plants realistically need to stay open? Is the state fattening nuclear plant profits with money that could be used to fund more alternative energy, and more energy savings programs, and achieve the CES goals even sooner?…….http://www.timesunion.com/tuplus-opinion/article/Editorial-A-hefty-nuclear-subsidy-8416153.php

July 28, 2016 - Posted by | politics, USA

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