Wake up: These Unneeded Instruments Can Wreck Mass Destruction
New York Governor Andrew Cuomo has recently advanced a clean energy plan which mandates that New York transition half of its energy needs to renewables by 2030. By regressive contrast, New York’s Public Service Commission (PSC) has approved enormous subsidies for three aging nuclear power plants―Ginna, Nine Mile Point and FitzPatrick―located in Upstate New York. Estimates of the costs of these subsidies range from $59 million to $658 million by 2023, with specialists such as Blair Horner of the New York Public Interest Research Group predicting that costs could grow to $8 billion.
