New York’s own energy policies have contributed to higher energy prices and dimmed the state’s energy generating prospects for the future, according to a report issued today by the Empire Center for Public Policy. Read More
Tag: Energy
In his first annual address to legislators last week, Gov. David A. Paterson said, "The state of our state is perilous." Yet his energy platform promises to visit more peril upon the Empire State. Read More
Directional drilling and hydraulic fracturing have unlocked vast new reserves of natural gas in the United States. Development of these resources is now well under way in Pennsylvania and West Virginia. Unlike their neighbors to the south, however, New York residents are not directly benefiting from natural gas development as the result of a government-imposed moratorium, itself a response to environmental concerns surrounding hydraulic fracturing. Read More
Located some 40 miles north of New York City, in Westchester County, the Indian Point Energy Center (IPEC) consists of two operating nuclear reactors, with a combined generating capacity of over 2,000 MW, and one long-retired reactor. IPEC’s size and location are the key factors in both the power it provides and the decades-long fight to shutter the plant permanently. Read More
Residents of the metropolitan area pay some of the highest energy prices in the nation -- fully 50 percent above the national average for electricity and 21 percent above average for natural gas, according to the latest federal data. Unfortunately, the situation is only likely to get worse in years ahead, thanks in part to New York State energy policy that seems grounded mainly in wishful thinking. Read More
In 2013, New York’s state government will decide whether to permit extraction of natural gas by hydraulic fracturing or, instead, turn its current moratorium into a permanent ban on this technology. Read More
Ending the moratorium on "hydrofracking" of natural gas in upstate New York would spur over $11.4 billion in economic output, create 15,000 to 18,000 jobs in the Western New York and the Southern Tier regions, and generate $1.4 billion in state and l Read More
Governor Paterson's proposed on sugared soft drinks has already captured most of the media attention among the $4 billion in new taxes and fees in Governor Paterson's budget. But by far the largest single element in Paterson's revenue package is a Read More