Dems want Hochul to drop $23.9 billion nuclear subsidy plan

[Marlin]

Dems want Hochul to drop $23.9 billion nuclear subsidy plan

https://www.news10.com/capitol/ny-nuclear-policy-opposition/

[Core Content]

Legislative-Letter-on-New-Nuclear-Subsidies.pdf

State lawmakers and advocacy groups are raising concerns over proposed financial subsidies for new nuclear generation, citing potential rate increases for utility customers. Critics point to cost overruns at recent nuclear projects in other states to warn against public funding and construction guarantees. Opponents argue that state funds should instead support alternative energy sources like wind and solar.

planned 3, at a cost of $36.8 billion, more than double the original cost estimate of $14 billion 4.The exorbitant cost of this new nuclear generation led to a nearly 25% rate increase for Georgia Power customers 5. By comparison, over just the past four years the state of Texas has built 30GW of solar and 6GW of storage for roughly the same cost 6.

Read the full article at news10.com:
https://www.news10.com/capitol/ny-nuclear-policy-opposition/