Lawsuit seeks to halt $7.6 billion mega-bailout for failing NY nuclear plants

Thanks to Scott Stapf for the Tweet headline above, alerting us to the breaking news in the New York Times, that:

A collection of energy companies and trade associations have filed a lawsuit seeking to reverse a decision by the administration of Gov. Andrew M. Cuomo to subsidize several struggling upstate nuclear plants, arguing that the state overstepped federal authority to regulate energy prices.

The suit, filed Wednesday in Federal District Court in Manhattan, comes a little more than two months after Mr. Cuomo announced a deal to provide hundreds of millions of dollars per year in subsidies to buttress the bottom lines of four upstate plants. The subsidies were included in an order from the Public Service Commission, whose chairwoman, Audrey Zibelman, is named as the lead defendant...

This news comes just one week after Public Citizen filed a legal challenge at the Federal Energy Regulatory Commission (FERC), opposing the NY nuclear power subsidy, at ratepayer expense, as well as the related sale of the FitzPatrick atomic reactor by Entergy to Exelon. RTO Insider reported on the Public Citizen lawsuit.