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Energy utilities sue New York Public Service Commission’s (PSC) over subsidies to nuclear industry

legal actionFlag-USAEnergy industry coalition sues NY PSC over nuclear subsidies  Reuters 19 Oct 16 An energy industry coalition including competitive non-nuclear electricity producers sued on Wednesday to oppose a plan to subsidize nuclear power plants in New York State.

The lawsuit in federal court said the New York Public Service Commission’s (PSC) plan to raise electric rates across the state by requiring consumers to pay for zero emission credits (ZECs), infringes illegally into federal regulators’ territory.

The coalition said in a statement that the litigation was “solely to save several New York nuclear plants that, allegedly, can no longer compete successfully in the federally-regulated wholesale electric power market.”…..Coalition members opposed to the nuclear subsidies include units of Dynegy Inc and NRG Energy Inc. http://www.reuters.com/article/us-new-york-nuclear-idUSKCN12J2N2

October 21, 2016 - Posted by | Legal, USA

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