Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical electricity usage data and present appropriate options. Request now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

Generators Sue To Stop Subsidies Of Struggling New York Nuclear Plants

October 252016

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.