We've already paid over $2 billion.
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It has officially been 4 years since New Yorkers began subsidizing dirty, dangerous, and expensive nuclear energy. We have already been forced to pay over $2 billion in our utility bills to keep nuclear plants profitable—that’s around $1.5 million per day. Today, the cost of nuclear subsidies will rise again—to $590 million per year (around $1.6 million per day).
Since the day Governor Cuomo’s Public Service Commission (PSC) proposed the nuclear bailout, the total projected cost has done nothing but increase. The PSC’s original projection was $59 - $658 million total, which quickly ballooned to $2.9 billion ([link removed]) . Now, this bailout is on track to reach $7.6 billion total by 2029—which is roughly the cost that opponents of the nuclear subsidies originally predicted. That’s over 128x the PSC’s original lowest projection, which allowed them to push the deal through in spite of great opposition ([link removed]) .
It’s clear that in addition to the many safety and environmental justice issues that nuclear energy, uranium mining, and nuclear waste pose, nuclear power simply doesn’t make economic sense.
With nuclear costs rising and the cost of wind and solar plummeting, we must rethink this nuclear bailout. Learn more about the history of the nuclear bailout and the costs of nuclear compared to alternatives here ([link removed]) .
What do we do now?
Alliance for a Green Economy continues to work with groups all across NYS to fight for a carbon-free, nuclear-free 100% renewable energy system. We are growing the movement to fight gas infrastructure and phase out nuclear plants and to build support for renewables and energy efficiency.
The Cuomo administration made this deal behind closed doors with nuclear plant owner Exelon. They pushed it through with misleading cost projections and false promises that we would be able to buy a 100% renewable energy option instead.
It’s time for the Cuomo administration to right those wrongs by:
* Making good on its August 1, 2016 announcement that people would have the option to buy a 100% renewable energy option rather than the nuclear bailout.
* Reviewing the costs of the bailout and redirecting resources to cost-effective and sustainable climate solutions.
* Rejecting any new nuclear subsidies proposed by Exelon.
* Working to replace nuclear plants now with renewables and efficiency.
Join us and spread the word!
The Public Health Case for a 100% Renewable New York
Wednesday, April 14th, 7PM
RSVP ([link removed]) | Facebook Event ([link removed])
Join us for an online forum where Dr. Sandra Steingraber, Dr. Tommy Rock, and Dr. Patricia DeMarco, esteemed scientists and experts on health, energy and the environment, will discuss the health impacts of fracked gas, uranium mining, and nuclear power and why a swift transition to 100% renewable energy is the way forward for better public health.
Learn More
If you would like to learn more about nuclear energy issues, including the current economics of the U.S. nuclear power industry, how to approach decommissioning as more civilian reactors shut down, and what to do with their high-level radioactive waste, check out the most recent Environmental and Energy Study Institute briefing on nuclear energy policy ([link removed]) .
To learn more about the Upstate nuclear reactors receiving the subsidies, we highly recommend this Red Paper ([link removed]) by the Onondaga Nation, Haudenosaunee Environmental Task Force, and American Indian Law Alliance, detailing the impact of the upstate nuclear reactors on the environment and their cultural and spiritual obligation to be stewards of the original lands and waters.
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Alliance for a Green Economy is a grassroots operation, working on a shoestring budget to pull off ambitious work. Every dollar we receive is used for public education, coalition building, and advocacy toward a 100% renewable energy system in New York State.
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