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Energy Coalition Sues NY Over Nuclear Plant Subsidies – Law360

Law360, New York (October 19, 2016, 10:05 PM EDT) — A coalition of energy companies and groups filed a suit in federal court Wednesday against New York Public Service Commission officials over the state’s plan to subsidize a group of nuclear power plants that have been struggling.

The coalition challenged the PSC’s authority to raise electric rates across New York state by requiring consumers to pay for zero emission credits, or ZECs, to save several nuclear power plants. The coalition said the plan interferes with the Federal Energy Regulatory Commission’s jurisdiction in regulating wholesale electric rates….

Source: Energy Coalition Sues NY Over Nuclear Plant Subsidies – Law360

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