Climate change is a serious threat to New York. With so much of the state’s population, infrastructure and economic activity crammed into the coastal communities of the New York metropolitan area, sea level rise and increasingly intense hurricane seasons spell certain disaster in the long term.
In light of this, I’m sure that I share the concerns of many New Yorkers in expressing my disgust with President Trump’s executive action aimed at dismantling Obama-era climate regulations. That’s why it’s more important than ever to take action at the state level to combat this growing threat.
New York has already developed an ambitious Clean Energy Standard with a “50 by 30” goal of generating at least 50% of New York State's electricity from renewable energy sources by 2030, and reducing carbon emissions by 40% by that same year. These are important efforts that should be undertaken transparently and with the full cooperation of both government and the general public.
Sadly, that has not been the case. Last month, the Assembly Committee on Corporations, Authorities and Commissions, which I chair, held a joint hearing with the Committees on Energy, Consumer Affairs and Protection, and Environmental Conservation to examine state plans around nuclear power plants and utility costs for New Yorkers.
Specifically, our hearing was intended to provide New York ratepayers with the opportunity to learn more about the state’s plan to offer Zero-Emissions Credits (ZECs) to upstate nuclear power plants and the program’s potential impact on utility costs. We invited the Public Service Commission (PSC) to testify about its controversial plan to provide ZECs. However, by failing to even appear before the committees, PSC officials continue to keep ratepayers in the dark on some of the program’s most pressing and questionable aspects.
The PSC even added insult to injury by sending a letter to me and my three fellow committee chairs giving conflicting reasons for its absence. In its letter, the PSC accuses us of not giving them sufficient notice for the hearing, while simultaneously blaming pending lawsuits brought by environmental groups against the Clean Energy Standard.
This is exactly the kind of half-baked reasoning we’ve seen recently from our federal government: blame as many groups and individuals as possible and see what sticks. The simple fact is that New Yorkers deserve transparency on such a vital issue, and yet the PSC is offering us just the opposite.
The Trump comparisons don’t end there. The plan would also mandate companies under the PSC’s jurisdiction to purchase these credits to subsidize four unprofitable upstate nuclear plants, all owned by the Exelon Corporation. The cost to ratepayers is estimated to total as much as $7.6 billion over the next 12 years. This is corporate welfare, pure and simple, with downstate ratepayers footing 60% of the bill and getting zero in economic benefit. The President would be proud.
My colleagues and I continue to demand that the PSC testify on these matters, and we’re prepared to fight until we get answers to our questions: How were these plants determined to need the subsidies? What are the potential taxpayer-funded profits for this private corporation? New York ratepayers deserve to know.
It's time we shine a light on our state’s electrical network, and ensure that the term “green energy” applies to the environmental impact for our state, not the economic impact to a company’s bottom line.
Assembly Member Jeffrey Dinowitz (D – Bronx) Chairs the Assembly Committee on Corporations, Authorities and Commissions. On Twitter @JeffreyDinowitz.