nuclear-news

How much will New York’s new nuclear subsidies cost? WRVO, 9 Aug 16 The PSC won’t estimate the ultimate price tag for the subsidy program, which ends in 2029, because it will be assessed every two years and revised to reflect the changing cost of energy prices. Tim Judson with the Nuclear Resource and Information Center, who criticizes the plan, believes it could run $7.6 billion or more. He said that while that may only mean a couple extra dollars for the average person, it will make a huge dent in the budget for larger consumers.”That’s going to place a lot of strain on local governments for their budgets,” Judson said. “It’s going to place a big strain on a lot of our local businesses especially manufacturers and hospitals. That could lead to local property tax increases, it could lead to business closures. I mean this decision the PSC has made will is going to cause pain throughout the state in order to avoid some short term pain for the communities that host nuclear power plants.”

Judson and environmentalists say the cost of keeping these aging nuclear plants online for another 12 years could be incalculable should one of them malfunction……