Federal court upholds New York program to subsidize nuclear plants

Published September 27, 2018 3:46pm ET



The U.S. Court of Appeals for the 2nd Circuit on Thursday upheld the legality of New York’s program that props up struggling nuclear plants to provide electricity without carbon dioxide emissions.

The court said the state subsidy program does not interfere with the power that the Federal Energy Regulatory Commission has over wholesale electricity markets, as charged by other electricity suppliers who filed suit, including the Electric Power Supply Association.

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