The Governor
Governor Hochul Announces Significant Federal Assistance To Reduce Clean-Energy Costs For New Yorkers
Governor Kathy Hochul today announced that thanks to the Inflation Reduction Act, millions of New Yorkers will see a reduction in utility bills. The IRA funding will help support New York’s nuclear power plants to deliver zero emissions electricity for New Yorkers. The federal nuclear production tax credit, passed by Congress and signed by President Biden as part of the IRA, will provide significant financial support to the four operating nuclear reactors in New York and thereby reduce future payments by New York electric ratepayers to these facilities.