Nuclear Matters encourages the timely implementation of New York state’s Clean Energy Standard (CES), including a provision that would properly value nuclear energy produced in the state for its carbon-free benefits.
As proposed by the New York State Department of Public Service (NYS DPS) on July 8th, the program, if enacted, would value nuclear energy plants for their leading role in providing carbon-free power. These facilities will be an important element to meet the state’s goals to reduce greenhouse gas emissions by 40 percent and generate half of New York’s electricity from renewable sources by 2030.
The need to implement the CES in a timely fashion is heightened by the announcement today around the potential sale of Entergy’s FitzPatrick’s nuclear power plant to Exelon. The CES is an essential policy to ensure the continued electricity production at that facility, in addition to the Nine Mile Point and Ginna nuclear plants. These three plants, according to a study issued by the Brattle Group, provide nearly 25,000 jobs, contribute over $3 billion to state GDP, and help save New Yorkers $1.7 billion a year in electricity costs.
Importantly, in the context of the CES, they also prevent over 16 million tons of carbon dioxide emissions each year. Accordingly, the NYS DPS proposal highlights the benefits of keeping nuclear power plants open, which far outweigh the costs.