Oct 11 Consumer watchdog Public Citizen on
Tuesday urged the Federal Energy Regulatory Commission (FERC) to
reject the application for Entergy Corp to sell the
FitzPatrick nuclear power plant in New York to Exelon Corp
The group said the application does not include New York
Governor Andrew Cuomo's proposed Zero Emission Credit (ZEC)
subsidy, which would allocate about $8 billion over 12 years to
three of the state's nuclear power facilities, it added.
"If the sale of FitzPatrick is approved, Exelon would gain
control over all the ZEC-recipient facilities - and would get
all $8 billion in subsidies."
After the companies account for the ZEC-payment, the
acquisition of the nuclear plant will likely not be in the
public interest, Public Citizen said.
On Aug. 19, Entergy Corp and Exelon filed an
application with FERC for permission to sell the FitzPatrick
nuclear power facility to Exelon, according to the statement.
(Reporting by Harshith Aranya and Vijaykumar Vedala in
Bengaluru; Editing by Cynthia Osterman)