NEWS: New York extends billions in subsidies for nuclear plants in Upstate NY

New York is locked into nuclear power for 20 more years. (Syracuse)

  • State regulators voted unanimously to extend subsidies for four Constellation-owned reactors, ensuring the plants—which generate 21% of New York's electricity—keep running through 2049 rather than retiring at decade’s end.

  • The price tag could reach $33B over 20 years, though the Public Service Commission estimates the actual cost will be half that as federal tax credits and rising wholesale power prices offset the subsidies.

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