An energy industry coalition including competitive non-nuclear electricity producers sued on Wednesday to oppose a plan to subsidize nuclear power plants in New York State. The lawsuit in federal court said the New York Public Service Commission’s (PSC) plan to raise electric rates across the state by requiring consumers to pay for zero emission credits (ZECs), infringes illegally into federal regulators’ territory. The coalition said in a statement that the litigation was “solely to save several New York nuclear plants that, allegedly, can no longer compete successfully in the federally-regulated wholesale electric power market.” The subsidies were part of an effort to keep the nuclear reactors, which produce almost no emissions, operating at a time of low prices for power and natural gas, an alternative generator fuel.
Reuters 19th Oct 2016 read more »