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Karl Grossman – New York’s Woeful $7.6 Billion Nuclear Bailout Package

The New York State Public Service Commission—in the face of strong opposition—this week approved a $7.6 billion bail-out of aging nuclear power plants in upstate New York which their owners have said are uneconomic to run without government support.

New York Governor Andrew Cuomo—who appoints the members of the PSC—has called for the continued operation of the nuclear plants in order to, he says, save jobs at them. The bail-out would be part of a “Clean Energy Standard” advanced by Cuomo. Under it, 50 percent of electricity used in New York by 2030 would come from “clean and renewable energy sources”­with nuclear power considered clean and renewable.

“Nuclear energy is neither clean nor renewable,” testified Pauline Salotti, vice chair of the Green Party of Suffolk County, Long Island at a recent hearing on the plan.

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