The Benefits of Upstate Nuclear Energy
Jobs and Economy
- Upstate New York’s three nuclear energy plants support 25,000 jobs.
- Upstate nuclear energy contributes over $3 billion to New York’s economy and contributes $144 million in annual state and local taxes.
- Upstate nuclear plants keep energy costs low. Without them, consumers would pay $1.7 billion more annually in energy costs.
- The Brattle Group analysis shows that over the life of the Clean Energy Standard (CES) program, preserving upstate nuclear accounts for more than half the financial benefits at only one-fifth of the cost.
- Incorporating the economic and environmental benefits of preserving upstate nuclear together, the total benefits exceed the CES program cost by a factor of over 70.
- Nuclear energy is carbon free and is key to moving New York to a clean energy future.
- By offering reliable and clean energy, nuclear energy is the State’s largest source of zero emission electricity
- New York’s upstate nuclear plants avoid 16 million tons of carbon emissions annually, which equates to a societal value of approximately $700 million annually based on federal limits.
- The Public Service Commission’s cost study underscores that upstate nuclear is a cost-effective vehicle for carbon-free, reliable energy and will significantly contribute to New York’s clean energy goals.
- The Brattle Group analysis also shows that a majority (75%) of carbon emissions avoided by the early years of the CES are attributable to upstate nuclear.
- Upstate nuclear energy provides approximately 15 percent of New York’s energy supply.
- Nuclear plants are by far New York’s most reliable source of energy, providing power 24 hours a day, seven days a week through all weather conditions and at a high rate of efficiency.
- The stable cost of nuclear energy protects consumers’ against price volatility in the energy market place.