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Coalition of New York groups call on state to scrap upstate nuclear subsidies

taxpayer bailoutGreen groups call on state to scrap upstate nuclear subsidies,Times Union  

A coalition of environmental groups including Food & Water Watch and the New York Public Interest Research Group have united to oppose what they estimate as an almost $8 billion effort to subsidize three upstate nuclear power plants: the James A. Fitzpatrick Nuclear Power Plant and Nine Mile Point Nuclear Generating Station outside Oswego and the R.E. Ginna plant east of Rochester.

The state Public Service Commission voted in early August to approve a rate increase for the power generated by the plants to pay for the subsidies. Since then, a group of downstate lawmakers have called for the PSC to reconsider that action and be more transparent in its analysis, noting that the majority of the cost of keeping the plants on line will be borne by downstate rate-payers.

On Wednesday, the environmental coalition made the same economic argument, estimating that residential consumers will be on the hook for an estimated $2.3 billion over the 12-year life of the deal. Con Ed ($705.8 million) and Long Island Power Authority ($501.4 million) would bear the largest proportionate share of the cost based on their number of customers.

Blair Horner of NYPIRG said that keeping the plants in operation was like “subsidizing the horse-and-buggy industry while Henry Ford is rolling cars off the Assembly line.”

The coalition plans to mount a grassroots effort to kill the subsidies in much the same way that the natural gas drilling technique known as hydrofracking was blocked…….http://blog.timesunion.com/capitol/archives/268142/green-groups-call-on-state-to-scrap-upstate-nuclear-subsidies/

October 6, 2016 - Posted by | opposition to nuclear, USA

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