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New York's 'zero-emission' nuclear power credits upheld by utility regulators

Utility regulators in New York this week signaled their continued support for a clean energy plan that would subsidize three nuclear power plants for twelve years as a "bridge to renewables." The New York Public Service Commission rejected or delayed 17 petitions to reconsider aspects of its Clean Energy Standard, which contains the nuke-friendly zero emission credits, reports RTO Insider. The energy standard requires New York to acquire 50 percent of its energy from low-carbon resources by 2030. The zero-emission credits would support the nuclear plants, which were in danger of closing for financial reasons. Critics say the credits would cost ratepayers $7.6 billion over the program's 12-year lifespan. They claim the public service commission is overstepping its authority, and that the program will undermine fair wholesale power markets.

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