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.” Read More
Tag: Energy
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. Read More
State regulators last week shot down efforts by utilities to show ratepayers the amount by which their electric bills are being driven up by New York's new Clean Energy Standard. Read More
The state Public Service Commission has quietly reduced the amount of renewable energy that utilities will have to purchase next year by 94 percent. Read More
New York City's move over the next three years to a $15-an-hour minimum wage—the highest ever, after adjusting for inflation—will take the city into uncharted territory, fraught with risks and trade-offs for workers and businesses. Read More
"It definitely means we are going to be paying more," says Ken Girardin of the Empire Center. The Empire Center just released a study about the state's New Clean Energy Standard and what it means for New Yorkers. Read More
Governor Andrew Cuomo’s energy czar isn’t letting facts get in the way of attacking the growing number of dissenters who challenge Cuomo’s new Clean Energy Standard. Read More
In what amounts to an unlegislated state tax hike, New York's already-high electricity rates are poised to go even higher. That’s because, essentially at Gov. Cuomo’s order, the state Public Service Commission will require electric utilities to both subsidize money-losing upstate nuclear plants and buy power from “renewable” energy sources, mainly solar and wind-generated. Read More