ALBANY, N.Y. (AP) — Lawmakers are questioning the cost and motives of New York Gov. Andrew Cuomo's plan to bail out three aging upstate nuclear reactors.
Members of the Assembly used a legislative hearing on the subsidies Monday to question state energy officials about the need for the state subsidies, which will cost ratepayers up to $7.6 billion over 12 years.
At Monday's hearing state officials said that while $7.6 billion is the top estimate, the subsidies are likely to cost energy consumers far less as the plan proceeds.
Projections now indicate the average electricity consumer will pay about $2 more per month.