From our friends at Stop The Cuomo Tax/No Nuclear Bailout:
“We’re just getting started with our statewide push to Stop the Cuomo Tax and end the nuclear bailout that would cost New Yorkers nearly $8 billion in higher electricity rates. But already we’ve seen incredible momentum out of the gate. This week organizers staged a protest outside of Cuomo’s parade for Columbus Day, and we’re planning more events to increase our visibility in the coming days.
New York’s nuclear bailout is merely the latest example of business getting off scot-free while taxpayers pick up multi-billion-dollar tabs. Gov. Andrew Cuomo is planning to bail out the aging and money-losing Ginna, FitzPatrick and Nine Mile Point nuclear plants, some of America’s oldest nuclear plants owned by Exelon and Entergy, with nearly $8 billion of New Yorkers’ hard-earned money (and another $2.8 billion if energy prices fall).
Blair Horner, NYPIRG’s legislative director, said ratepayers shouldn’t be asked to pick up the tab for the aging plants, particularly as the state and nation shift toward renewable energy sources like wind and solar.
“This is like subsidizing the horse-and-buggy industry while Henry Ford is rolling cars off the assembly line,” Horner said at a news conferenceWednesday near the state Capitol.