At the initial ZEC maximum of $ 17.48 per MWh, the subsidy
for upstate plants would raise electricity rates by about 0.32 cents per kilowatt - hour state - wide, an increase of just 1.8 percent for residential rate - payers and 5.4 percent for large industrial customers.
«At the initial ZEC maximum of $ 17.48 per MWh, the subsidy
for upstate plants would raise electricity rates by about 0.32 cents per kilowatt - hour state - wide, an increase of 1.8 percent for residential rate - payers and 5.4 percent for large industrial customers.
Not exact matches
In fact, the café serves the exact same yogurt you'll find at your supermarket, delivered from the Chobani
plant in
upstate New York — the same place that commercially packages yogurt
for stores.
From Quebec, some aluminum travels to a
plant in
upstate New York owned by Novelis, which combines it with recycled aluminum and rolls it out into wide sheets
for Ford.
Replacing outdated, polluting manufacturing with an environmentally conscious natural and organic foods manufacturing
plant is a welcome change
for the region, and Hudson River Foods co-founders Donna and Dan Ratner are committed to their new home and in helping to drive jobs and economic growth in the
upstate New York region.
Heastie pointed to the Republican support
for a subsidy aimed at bolstering
upstate nuclear power
plants, which is expected to add roughly $ 2 to the average utility bill as a sign some GOP lawmakers are open to tacking on more fees or taxes to help pay
for a broader public benefit, such as preserving jobs.
Assembly Democrats grilled Gov. Andrew Cuomo's energy officials
for more than four hours yesterday on a taxpayer subsidized plan executed by the PSC and a major energy company — Entergy — that will keep three
upstate nuclear power
plants alive
for the next twelve years.
This episode features Empire Center
for Public Policy analyst Ken Girardin laying out his critique of the recently enacted Clean Energy Standard and the decision to subsidize nuclear power
plants in
upstate New York.
It's also the date
for an $ 8 billion bailout of some
upstate nuclear power
plants to begin, and more than 80 local government leaders are making a last - ditch effort to stop a plan that they say will cost electric utility ratepayers billions of dollars.
When New York Gov. Andrew Cuomo proposed the Energy Highway in 2012 to bring power from generation
plants upstate to load centers in and around New York City,
Upstate New York Power responded that the
plants could play an «important role»
for the proposal.
The state Assembly held a hearing Monday on Gov. Andrew Cuomo's plan to spend $ 8 billion in subsidies to keep three
upstate nuclear power
plants operating
for the next 12 years.
Assembly Democrats grilled Governor Andrew Cuomo's energy officials
for more than four hours on a plan executed by the Public Service Commission and a major energy company that will keep three
upstate nuclear power
plants alive
for the next twelve years.
At the same time, Cuomo's administration has supported a ratepayer - backed bailout
for three
upstate nuclear power
plants, pointing to the need to keep their emission - free power on the grid in order to reach the state's pollution - cutting goals.
It will also include incentives
for upstate nuclear facilities, which provide a significant source of carbon - free power, but are struggling financially against natural gas
plants.
Now we have to pay
for upstate nuclear
plants that are not economically feasible.
Assembly Democrats grilled Gov. Andrew Cuomo's energy officials
for more than four hours Monday about a plan executed by the Public Service Commission and a major energy company that will keep three
upstate nuclear power
plants alive
for the next 12 years.
«We just gave away $ 7.6 billion to Exelon, an out - of - state energy company,» he said, referring to a debated estimate
for the state's plan to subsidize
upstate nuclear
plants.
For a second year in a row, the PSC has deeply slashed the amount of renewable energy that utility companies are forced to buy under Cuomo's Clean Energy Standard, casting further doubt on the governor's goal of having renewables supply 50 percent of the state's electricity by 2030, while reinforcing the program's status as primarily a bailout for money - losing upstate nuclear plan
For a second year in a row, the PSC has deeply slashed the amount of renewable energy that utility companies are forced to buy under Cuomo's Clean Energy Standard, casting further doubt on the governor's goal of having renewables supply 50 percent of the state's electricity by 2030, while reinforcing the program's status as primarily a bailout
for money - losing upstate nuclear plan
for money - losing
upstate nuclear
plants.
State lawmakers seeking to put the brakes on a plan by Gov. Andrew Cuomo to hike electric bills to keep open
upstate nuclear power
plants have introduced legislation calling
for a moratorium on the plan as the Assembly considers a one - house budget bill that would do the same.
Other issues still on the table include: education spending, college affordability, raise the age, water infrastructure spending, workers comp reform and subsidies
for three
upstate nuclear
plants.
Anti-tax activate Grover Norquist weighed in on the state subsidy of
upstate nuclear
plants, saying it's an end run around the Legislature that will result in a rate hike
for utility customers.
Cuomo's plan to bail out
upstate nuclear
plants could end up raising electricity expenditures
for health systems around the state by at least $ 13.4 million, according to a report by a consumer utility advocacy group.
In more bad economic news
for upstate, the once - largest industrial employer north of Syracuse, Alcoa, announced it would idle one Massena smelting
plant and permanently close another, causing the loss of close to 500 jobs.
It's also the date
for an $ 8 billion state bailout of some
upstate nuclear power
plants to begin.
Others chided Cuomo
for shuttering the
plant while arranging
for an estimated $ 7.6 billion in subsidies to keep four nuclear
plants upstate open.
In Utica, a former industrial hub in
upstate New York where the near collapse of manufacturing has made
for a scarcity of jobs and a rarity of good news, the announcement in August 2015 that an Austrian chip maker had decided to put down roots in a fabrication
plant built by the state was cause
for jubilation.
The groundbreaking ceremony
for the new AMS chip fabrication
plant in
upstate New York in April.
But, he said it will likely not solve the financial difficulties
for upstate nuclear power
plants, which have been suffering losses from the
upstate - downstate bottle neck and competition from cheap natural gas.
The New York State Assembly held a hearing on Governor Cuomo's plan to spend $ 8 billion in subsidies to keep three
upstate nuclear power
plants operating
for the next twelve years.
Cuomo's Public Service Commission last summer passed a clean energy standard that, among other things, calls
for a charge on customer bills that would help pay
for the plan to keep three
upstate nuclear
plants open.
and praised founder Hamdi Ulukaya
for helping to invigorate the
upstate economy with his Greek yogurt
plant in New Berlin.
As the state plans to implement the governor's goal
for double the amount of renewable energy on the market, a new study says losing
upstate nuclear power
plants would be a major set back
for the initiative.
The brightest economic story
upstate is the Capital Region, which during the tenure of then - Senate majority leader Joe Bruno raked in state cash
for a new train station, chip
plant, nanotechnology center and airport upgrades.
While Cuomo has seized upon every hiccup at the Indian Point nuclear
plant downstate to amplify his calls
for its closure, he has touted the benefits of the FitzPatrick
plant and other
upstate nuclear power generation.
With $ 9 billion in investment by GlobalFoundries at the Luther Forest Technology Campus in Malta already in its hands, the Cuomo administration has been quietly
planting the seeds
for similar investments in other
upstate regions.
Canale is a board member with
Upstate Energy Jobs, a coalition of local businesses, agencies and community leaders advocating
for New York lawmakers to support
upstate nuclear
plants.
The Greens have strongly opposed the Governor's $ 7.6 billion bailout of several
upstate old nuclear
plants; the bailout is greater that the state's funding
for renewable energy.
In one arrangement, Bharara alleges Kelly channeled several hundred thousand dollars to Percoco and his wife in exchange
for help building a power
plant in
upstate New York, and
for other public assistance the company never received — including a guarantee the state would find a buyer
for energy from the facility, and the closure of the controversial Indian Point nuclear
plant in Westchester, which the governor has advocated
for.
ALBANY — A former top aide and several others close to Gov. Cuomo are being probed by the Manhattan U.S. Attorney's office
for potential improper lobbying and undisclosed conflicts of interests involving an
upstate power
plant and Cuomo's signature «Buffalo Billion» economic development program, the Daily News has learned.
Peter Galbraith Kelly gave money to Percoco in exchange
for the ex-aide's help in boosting the controversial
upstate power
plant, prosecutors said.
Percoco served as the governor's executive secretary, he is accused of taking more than $ 600,000 in bribes from an energy company that needed state approval to build a power
plant in the Hudson Valley and an
upstate developer that received several state contracts, as well as getting a job at the energy company
for his wife.
It's also the date
for an $ 8 billion dollar state bailout of some
upstate nuclear power
plants to begin.
The measure deals a small setback
for Exelon Corp., whose subsidiaries own the R.E Ginna and Nine Mile Point nuclear
plants in
upstate New York.
If the
plant one day becomes eligible
for subsidies, regulators wrote, the PSC should calculate a value «to reflect the difference between
upstate and downstate market revenues in order to put downstate facilities on an equal footing with
upstate facilities.»