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September 22, 2018

NY State Public Service Commission Approves Sale of FitzPatrick Nuclear Plant


Today (Nov. 17), in a 4-0 vote, the NY State Public Service Commission approved the sale of the FitzPatrick nuclear plant.

In August, Entergy accepted an offer from Exelon Corp. to buy the facility for $110 million. Prior to this agreement, Entergy was preparing to shut down the FitzPatrick plant in January 2017.

The Nuclear Regulatory Commission and the Federal Energy Regulatory Commission still need to approve the sale.

As part of Governor Cuomo’s Clean Energy Standard, approved by the PSC on August 1, nuclear power plants are recognized as clean energy sources. The Clean Energy Standard awards qualifying nuclear plants with Zero Emission Credits, a reward for generating carbon-free power. Exelon anticipates receipt of ZECs once the standard is implemented.

Governor Cuomo and the PSC have stated the importance of preserving nuclear as a means of ensuring that 50% of NY’s power comes from clean energy sources by 2030. If upstate nuclear plants were to shut down prematurely, the power they generate could be replaced by power generated by less environmentally friendly power plants.

Since Entergy first announced that it would shut down FitzPatrick, the Upstate Energy Jobs Coalition has advocated for keeping FitzPatrick operating.

See the statement below, from L. Michael Treadwell, CEO of the County of Oswego Industrial Development Agency and UEJ member.

“We thank Governor Andrew Cuomo and the Public Service Commission (PSC) for their hard work, together with our community, for helping to overcome a vital hurdle to ensure that FitzPatrick will be saved. It is because of their efforts in approving the Clean Energy Standard that we are able to breathe easier in our region and be more optimistic about the future.

FitzPatrick truly is an economic driver for our community, supplying 615 jobs, contributing $500 million a year in regional economic activity and bringing in $17.3 million in annual property taxes, which helps keep businesses open as well as local government and schools funded.

Furthermore, FitzPatrick provides 1,000 jobs for highly skilled workers and building tradesman that are responsible for maintenance of the facility.

However, saving FitzPatrick just isn’t a win for upstate residents. By keeping upstate nuclear plants open and passing the CES, all New Yorkers will see $1.7 billion in electricity cost savings, cleaner air, and ensure New York State stays on track to meet its climate objectives according to a recent Brattle Group report.

We also thank Entergy and Exelon for working towards an agreement on the transfer of FitzPatrick. The thousands of families who depend on the continued operation of FitzPatrick now do not have to wonder where their next paycheck will come from.”

Upstate Energy Jobs is a growing coalition of more than 130 upstate New York elected representatives, business leaders, members of organized labor, education institutions, economic development organizations and community leaders who are leading efforts to raise awareness among policymakers of the importance of keeping upstate New York’s nuclear energy plants open.

For more information or to voice support for preserving the region’s economic and environmental security, go to upstateenergyjobs.com.

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