Generators Sue To Stop Subsidies Of Struggling New York Nuclear Plants
October 25, 2016
Electric generators have filed a lawsuit challenging nuclear subsidies approved in August by the New York Public Service Commission, arguing that they intrude on federal jurisdiction of wholesale markets. The lawsuit claims that a recent U.S. Supreme Court decision bars states from replacing wholesale prices with state-determined costs. It comes in the wake of New York’s strategy to cut greenhouse gas emissions, in which ratepayers would be required to subsidize operating costs for three struggling nuclear plants.