Since governments are going to have to spend significant amounts of money if the plant closes, why not simply pay to
keep the plant open instead?
Cuomo has gone to war with the owner of a Western New York power plant that closed in January after National Grid customers paid more than $ 110 million in surcharges to
keep the plant open since 2012.
Last week, on Thanksgiving Day, Trump announced that he was «making progress» convincing Carrier — an air conditioning, heating, and refrigeration manufacturer — to
keep its plants open in Indiana.
Lewis said the move came in a shock in part because Senate Minority Leader Charles E. Schumer, a New York Democrat, won a commitment from Siemens to
keep the plant open when the company acquired Dresser - Rand three years ago.
Entergy announced in September that it was considering a shutdown at FitzPatrick, but would first discuss options for
keeping the plant open with state officials.
After the legislature approved the credits, Exelon said it would
keep the plants open at least another 10 years; the utility said that would save 4,200 jobs.
If the current private owner can not
justify keeping the plant open and a new owner can not be found, then it should be taken over by the New York State Power Authority (NYPA), and managed directly under that body.
SYRACUSE, N.Y. - Gov. Andrew Cuomo has gone to war with the owner of a Western New York power plant that closed in January after National Grid customers paid more than $ 110 million in surcharges to
keep the plant open since 2012.
«Losing nuclear capacity could drive up electricity prices by reducing supply, so the price benefit
of keeping plants open may compensate for the cost of the subsidy.
This «why not pay to
keep the plant open» argument has been frequently used to rationalize government spending in automotive, most notably the U.S. Chrysler bailout of 1979.
Despite an agreement to
keep the plant open, United Technologies continues to eliminate jobs there, and Hayes still voices his support of free trade.
New York state officials and Entergy had been in weeks - long talks to
keep the plant open, which the company is says will close due to financial concerns and rising competition in the energy market.
However, the state likely has little leverage to
keep the plant open.
«Through the worst of the recession, we made thousands of agreements to save jobs and
keep plants open.
But Mr Kumar, who has close contacts with the steelmaker, added: «You can rest assured Tata wants to
keep the plant open.
And don't blame Entergy: It persevered for 10 years and spent $ 200 million to
keep the plant open, to no avail.
The deal to
keep the plant open is now one step closer to completion.
It's why state lawmakers say they are still working to find a way to
keep the plant open.
In a deal worked out with U.S. Sen. Charles Schumer (D - NY) and Gov. Andrew Cuomo, it agreed to hold off on the closing for at least 12 to 24 month and to work with state, federal and local officials to find a buyer that would
keep the plant open and retain its jobs.
He added, «Sen. Schumer will continue to engage with the company, federal and state regulators, and local officials to do everything possible to
keep the plant open and preserve these important good - paying jobs.»
Gov. Andrew Cuomo's administration was unable to negotiate a compromise deal that would
keep the plant open.
He made no mention of any talks with New York state to
keep the plant open.
«I heard last night: Alcoa said they were going to
keep the plant open,» Schumer said.
Katko, who visited the facility last week, also called Entergy officials several times today and told them he would do everything in his power to
keep the plant open.
With Henry Hub prices below $ 2 per million Btu (MMBtu), owners of coal - fired power plants are having trouble justifying
keeping their plants open.
«The question is: what is the date for its phase out in the E.U., and how hard will the coal industry fight to
keep plants open, even if they are no longer economically viable?»
IBEW 1245 lied to its workers when it claimed to be fighting to
keep the plant open; has violated its moral duty to represent its workers interests; and may be in violation of the law.