Regulators Vote on Entergy/Exelon Nuclear Deal Today

The Associated Press is reporting this morning New York utility regulators are poised to approve the sale of an upstate nuclear power plant as part of the state’s broader plan to invest in nuclear power while expanding its use of renewable energy. The Public Service commission is set to vote today on Entergy Corporation’s proposal to sell FitzPatrick Nuclear Power Plant in Oswego County to Exelon Corp. for $110 million. Federal regulators also must approve the transfer. Governor Cuomo helped negotiate the sale to ensure that the plant remains open. Cuomo says nuclear power can help the state wean itself off of fossil fuels while it encourages the development of renewables. To help the industry, the state has authorized up to $7.6 billion over the next 12 years in ratepayer subsidies for three nuclear plants including FitzPatrick. According to the Journal News, every ratepayer across New York State will see an increase of approximately $2-a-month on their utility bills – “ratepayers in Westchester and Rockland counties” they report, “will not benefit directly form the power generated by the plants.”   Organizations like Hudson River Sloop Clearwater, the New York Public Interest Research Group have been rallying to stop what they call “the largest corporate bailout in U.S. history” of a dying industry. They want Governor Cuomo to invest in 100% clean energy. For more information:


Snow Closings Updated Regularly

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