It's Time to Hit the Brakes on Governor Cuomo's Extravagant 12-Year Nuclear Bailout
The push for a massive nuclear power bailout in New York just got a lot worse -- and the state agency pushing it doesn't want to consider other options or give the public any time to make our voices heard.
After saying for months that the proposed nuclear subsides would cost only $270 million over 12 years, a new proposal released just a few days ago raised the projected price to almost $8 billion. Yes, you read that right, Governor Cuomo and the New York Public Service Commission now want to spend $8 billion of New Yorkers’ money on bailing out the nuclear industry, and in particular, one company: Exelon. The cost will be paid by every electricity consumer in New York -- residents, businesses, and municipalities -- with higher energy bills.
This may be the largest corporate bailout or subsidy to one company in New York history. And the public has been given only 10 business days to comment on this new expensive plan. They are rushing to try to make a decision by August 1.
If we want to stop this, we need thousands of people to comment by Friday, July 22. So I am writing to ask you to please raise your voice.
Click here to comment today.