R Street Institute

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New York offers $7.6 billion bailout to some nuclear plants, forces others to shut down

by David Bahr
Feb 14, 2017
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originally published in The Daily Caller
From The Daily Caller:

“New York State is certainly not alone in grappling with how to keep nuclear facilities afloat while cheap natural gas is pushing down electricity prices across the country, but they have emerged as a cautionary tale,” Catrina Rorke, the energy policy director at the free market R Street Institute, told The Daily Caller News Foundation.

 “While New York is selling their fix as part of an aggressive clean energy program, the Public Service Commission approved what amounts to the single largest transfer of wealth from private citizens to corporations in the history of the state,” Rorke said.

 

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