LIPA Customers To Subsidize Upstate Nuclear Power Plants

Jan 29, 2020

Long Island Power Authority ratepayers could spend more than $800 million over the next decade to help fund upstate nuclear power plants.   

LIPA will have to buy zero-emission credits through a state agency, which subsidizes energy generators that don’t emit greenhouse gases, like nuclear power plants. 

Supporters of the plan say this is necessary to reach the state’s zero-carbon emissions goals.

LIPA also benefits from this program because it owns a portion of an upstate nuclear power plant. 

New York State estimates this could lower the cost of the credits from $820 million to $566 million.