State needs to retain nuclear power plants
New York has recently unveiled an ambitious state energy plan that aims, by 2030, to reduce greenhouse gas emissions by 40 percent from 1990 levels and to have 50 percent of energy generated from renewable sources.
These are laudable goals, but it is also important to find ways to reduce electricity costs and to ensure the grid remains reliable. Statewide, New York’s electricity costs are consistently 60 percent or so above the national average. New York must be able to attract the large capital investments for a cleaner electricity portfolio, without direct or hidden subsidies to energy producers, which are extremely burdensome to New York consumers and small businesses.
New York should also keep its fleet of nuclear power plants operating. When Germany, Japan and California closed nuclear plants, their carbon and other toxic emissions skyrocketed. Furthermore, a recent study found that the Indian Point plant, which provides 11 percent of the state’s electricity, curtails the emission of 8.5 million metric tons of carbon dioxide annually, the same amount of carbon generated by 1.6 million cars.
Arthur “Jerry” Kremer
Chairman, New York Affordable
Reliable Electricity Alliance