NY: Manufacturers oppose proposed $7 billion nuclear power subsidy
As reported by Marie J. French in the Albany Business Review:
Big energy users, including large manufacturers in the state, oppose a plan to subsidize nuclear power plants that could cost as much as $7 billion...
The group, Multiple Intervenors, includes Alcoa (NYSE: AA), Corning (NYSE: GLW), Praxair (NYSE: PX), Wegmans Food Markets and State University of New York, according to its website.
"In New York’s apparent haste to appease the owners of selected nuclear generation facilities to ensure the continued operation of those facilities, customers are being exposed to potentially 12 years of artificially inflated and excessive subsidy obligations," the group wrote [in comments to the New York State Public Service Commission]...
Multiple Intervenors and other groups objected to the speed at which the nuclear subsidy is being pushed forward, as the proposal was first released July 8.
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As reported by multiple articles and press releases at Beyond Nuclear's "Nuclear Costs" website section, the NYS PSC disregarded these major manufacturers' objections, as well as those of other ratepayer advocacy organizations, environmental groups, etc. On August 1st, the NYS PSC, at Gov. Cuomo's strong urging, rubber-stamped the $7.6 to 10 billion nuclear bailout, at ratepayer (be it major manufacturer, small business, or household) expense.