Thursday, October 20, 2016

Non-Nuclear Power Plants Sue to Stop Subsidies for CNY Nukes

 

SYRACUSE, N.Y. – Several owners of fossil fuel-burning power plants sued New York utility regulators today seeking to block millions of dollars in subsidy payments for the struggling nuclear generators in Oswego and Wayne counties.

The plaintiffs, including companies that own the Sithe Independence and Oswego Steam generating stations in Oswego, contend that New York's new nuclear subsidy program illegally interferes with wholesale power markets.

Officials at the state Public Service Commission responded by calling the lawsuit a "frivolous'' attempt to thwart efforts to combat climate change.

The PSC in August approved a new "clean energy standard'' aimed at boosting renewable energy and cutting carbon emissions. The most controversial provision was a plan to subsidize Upstate nuclear plants that might otherwise close for financial reasons, preserving their carbon-free power output for 12 years. 

Click here for the full article. 

Source: Syracuse.com (via The Empire Report)

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