New York Clean Energy Standard: Myths vs. Facts 3-5

Date Posted: 
Saturday, April 29, 2017

Myth

The nuclear provision of the Clean Energy Standard is simply a “bailout” subsidy for one company.

Fact

New York’s nuclear power program has diverse suppliers. The state’s facilities are owned by Entergy, Exelon, EDF, and LIPA. Ultimately, support for nuclear energy is an investment in our state’s clean energy future.  A recent Brattle Group cost analysis found that over the longer term, the nuclear tier of the CES will account for more than half of the CES’s carbon reduction benefits, while it will incur only about one fifth of the program’s cost!

Myth

New York needs to immediately transition to 100% renewable energy

Fact

A realistic plan is underway. In the past ten years, New York has built new renewables that produce about 5% of the energy consumed each year. To meet New York’s 50% renewable energy goal by 2030 will require adding 24% more renewable generation, or 5x more renewable generation that the state has accomplished in the past ten years. To replace all New York nuclear would require another 6x.

Myth

Upstate nuclear plants are expensive

Fact

Upstate nuclear plants actually help keep electricity prices low for all New Yorkers. Without our upstate nuclear facilities, consumers would pay an average of $1.7 billion annually and almost $15 billion over the next ten years, according to a Brattle Group study.  Nuclear plants are critical resources for our entire New York State infrastructure from an economic and environmental perspective now, and well into the next decade.

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