ALBANY, New York — The state’s utility regulator approved an extension of subsidies to keep the state’s aging nuclear plants open until at least 2049 at its Thursday meeting.
Gov. Kathy Hochul’s administration supported extending the subsidies, highlighting the potential high cost of replacing the power from the plants and concerns about reliability if they were to shut down.
“The governor recognizes that maintaining the safe and reliable operation of the existing upstate nuclear fleet is critical to advancing her all-of-the-above approach to energy to keep the lights on, support energy independence, and preserve thousands of good-paying jobs in our communities,” said Hochul spokesperson Ken Lovett.
“By investing in the nuclear power industry in New York we are creating a cleaner, more reliable and affordable electric grid that will benefit all New Yorkers for decades to come — ensuring we remain one of the cleanest electric grids in the country.”
