August 25, 2015 Read More →

Backlash in New York Against Cayuga Subsidies

Philip O’Driscoll for Time Warner Cable News:

Studies suggest the move would be both costly and ineffective.

“There’s no need for the plant and there’s no need for ratepayers to subsidize this aging coal plant that will be repowering to burn gas,’ David Schlissel Director of Rescource Planning Analysis from the IEEFA said.

Members of the group Fossil Free Tompkins and the Institute for Energy Economics and Financial Analysis were in Albany Monday to voice their opposition to the plan.

‘The question is if you shut this plant down, do you polish the diamond or do you let it fall by the wayside,’ Tom Sanzillo Director of Finance from the IEEFA said.

IEEFA highlighted three points, claiming the repowered plant would cost ratepayers more than $265 million in subsidies over 10 years, that it would not help improve power grid reliability, and that there are less expensive options that would maintain jobs and promote economic development.

Protesters Deliver Comments About Future of Tompkins County Power Plant to Albany

 

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