Former Governor Andrew Cuomo's Policies Linked to High Energy Costs in New York
Former New York Governor Andrew Cuomo's past policy decisions, including a 2014 ban on fracking and the 2021 shutdown of the Indian Point nuclear plant, are being cited as primary contributors to the state's elevated energy costs. The fracking ban, coupled with a refusal to permit new natural gas pipelines, has compelled New Yorkers, businesses, and power plants to pay more for natural gas. The closure of the Indian Point nuclear plant, which provided low-cost, zero-emissions electricity to New York City for decades, led to its replacement by more expensive natural-gas-fired generating plants, increasing both costs and greenhouse gas emissions. Additionally, the state's renewable portfolio mandate, which requires utilities to purchase renewable energy credits, has cost ratepayers over $3 billion. These policies are highlighted as the true drivers of high energy costs, rather than external factors like federal policies.