The New York Public Service Commission (PSC) has approved an ambitious plan for the state to generate half of its power from renewable energy sources by 2030, and will rely on nuclear to get there.
The plan includes the guarantee of subsidy for three nuclear power plants to lessen the state’s reliance on fossil fuels. The new energy standard, approved Monday, will now divert US$965 million in additional subsidies to the upstate nuclear power plants Fitzpatrick, Ginna and Nine Mile over the first two years of the programme, with reported adjustments every two years until 2029.
