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.