Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« French 'Shocked' As Power Prices Spike To 8-Year Highs On Nuclear Reactor Probe Shutdown | Main | This new technology could save the troubled nuclear power industry »
Wednesday
Oct192016

Lawsuit Seeks to Halt New York Subsidies for Upstate Nuclear Plants

ALBANY — A collection of energy companies and trade associations have filed a lawsuit seeking to reverse a decision by the administration of Gov. Andrew M. Cuomo to subsidize several struggling upstate nuclear plants, arguing that the state overstepped federal authority to regulate energy prices.

The suit, filed Wednesday in Federal District Court in Manhattan, comes a little more than two months after Mr. Cuomo announced a deal to provide hundreds of millions of dollars per year in subsidies to buttress the bottom lines of four upstate plants. The subsidies were included in an order from the Public Service Commission, whose chairwoman, Audrey Zibelman, is named as the lead defendant.

The suit argues that such action oversteps the federal government’s policy of allowing market forces to set wholesale energy prices, and effectively makes New York residents pay billions through higher electrical rates to prop up the plants, several of which would have failed without the governor’s plan, the suit claims.

“Unless enjoined or eliminated, these credits will result in New York’s captive ratepayers paying the owners an estimated $7.6 billion over 12 years,” the suit reads.

read more.......

 

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

 


 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 Follow us on TWITTER @goldprices

 

 


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>