"New York Approves Renewable Energy Standard"

"New York officials approved a clean energy standard on Monday that requires half of the state’s electricity to come from renewable sources by 2030.

The initiative, passed by the Public Service Commission, also includes a nuclear power incentive under which utilities will pay nearly $1 billion over two years to subsidize three of the state’s nuclear power plants.

The plan’s supporters, including Gov. Andrew Cuomo (D), see the nuclear subsidies as a way to avoid new carbon pollution as the state works toward its goal of using 50 percent renewables like wind and solar."

Timothy Cama reports for The Hill August 1, 2016.

Source: The Hill, 08/02/2016