That’s the amount of money the New York State Public Service Commission—its members appointed by the state’s governor—has just approved for you as an electric ratepayer, and every other ratepayer in the state including all businesses and non-profit institutions, to pay from 2029 to 2049 to bail out four nuclear power plants upstate.
The $33 billion would be included as a charge in the bills electric utilities send to all the state’s ratepayers.
In 2017, the PSC approved a $7.6 billion 12-year bail-out of the plants, which their owners had wanted to shut down because they said they were not economical.
They include the oldest nuclear power plant of the 94 now operating in the United States, the Nine Mile Point 1 nuclear power plant in upstate Oswego, which began operating in 1969, and the second-oldest nuclear plant running in the nation, the R.E. Ginna plant, near Rochester.
Nuclear power plants, when they were first introduced in the U.S. in the 1950s, were licensed for 40 years. After 40 years, it was determined that internal parts, especially metals, would become so embrittled by radioactivity that the plants would not be safe to operate.
Now, our money, to the tune of $33 billion, would be used in the coming two decades to keep Nine Mile Point 1, having run in 2026 for 57 years, and Ginna, running for 56 years, going far longer.
If there is an accident at any of these plants, upstate is not that far from Suffolk County, as the radioactivity would blow in the wind. A check on Google says they are in the range of 200 air miles, and a little more depending on what part of Suffolk.
Consider taking a drive in a 57-year-old automobile upstate, or anywhere. How confident would you be in its mechanical ability?
But Hochul is totally enamored of nuclear power. She seemingly believes that the Chernobyl, Three Mile Island and Fukushima disasters never happened. She has been calling for New York State to become the “center” of a nuclear revival in the U.S.
As she said in her “State of the State” address last month, in 2025 “I took the bold step of greenlighting the first nuclear power project in a generation….We set a goal of building one gigawatt of nuclear power,” the equivalent of one large nuclear power plant. She went on that for 2026, it’s “go big” on nuclear power. “So I’ve decided to raise the bar to five gigawatts. That’s more nuclear energy than has been built anywhere in the United States in the last 30 years.”
Source: RiverheadLOCAL