Upstate New York ratepayers will pick up more than half the multi-billion-dollar tab for a massive offshore wind turbine project that will provide very costly power for Long Island and New York City.
Governor Andrew Cuomo’s Clean Energy Standard has spurred much less of the new renewable energy generation than promised.
Governor Andrew Cuomo has married his unrealistic renewable energy targets to his push to steer work to the building trades unions. The likely results: even higher costs—and even fewer projects.
Reforms that would reduce the state’s cost burdens and improve its climate for growth.
For a second consecutive year, the state Public Service Commission (PSC) has deeply slashed the amount of renewable energy that utility companies are forced to buy under Governor Andrew Cuomo’s Clean Energy Standard (CES). The move casts further doubt on the governor’s goal of having renewables supply 50 percent of the state’s electricity by 2030—while reinforcing the CES program’s status as primarily a bailout for money-losing upstate nuclear plants.
Governor Andrew Cuomo’s massive ratepayer subsidy of aging upstate nuclear power plants would be significantly modified under a bill just introduced by Senate Republican Leader John Flanagan.
Cuomo’s efforts to hide the increase were first reported by Ken Girardin, an ace analyst at the Empire Center in Albany. Girardin has calculated that the renewable and nuclear subsidies will cost ratepayers nearly $3.4 billion between 2017 and 2021. Girardin told me that Cuomo’s attempt at an extreme makeover of the state’s electric grid will result in “one of the largest tax hikes in state history.”
The New York state Public Service Commission does not want utility companies to list the cost of the Clean Energy Standard as its own line item on individual utility bills.