By Mary Serreze | Special to The Republican
on October 23, 2016 at 10:45 AM, updated October 23, 2016 at 10:48 AM
A group of natural gas and coal power generators have sued the state of New York in federal court over its plan to provide billions in subsidies to four upstate nuclear power plants.
Governor Andrew Cuomo's plan would prop up the struggling nuclear plants to help meet the state's new Clean Energy Standard, a which calls for steep carbon reduction goals to forestall climate change.
The complaint by the fossil fuel generators was filed Wednesday in Manhattan federal court. It claims the New York Public Service Commission plan to award "zero emission credits" to the nuclear plants will artificially depress wholesale electricity prices while putting other power generators at a disadvantage. Ratepayers would underwrite the $7.6 billion cost over 12 years.
The lawsuit also says the subsidies would interfere with the federal government's authority in regulating electricity rates. Plaintiffs include Eastern Generation LLC and NRG Energy Inc...
Read more at:
http://www.masslive.com/news/index.ssf/2016/10/new_york_sued_over_nuclear_pla.html
