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Big Oil Asks Supreme Court To Strike Down Nuclear Plant Subsidies

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Feb 12, 2019 11:13 AM 2+ mon ago

Big Oil Asks Supreme Court To Strike Down Nuclear Plant Subsidies

Big Oil Asks Supreme Court To Strike Down Nuclear Plant Subsidies

Oil and gas industry groups asked the U.S. Supreme Court to strike down state subsidies for economically struggling nuclear power plants.

It's the petroleum industry's latest attempt to salvage its war against nuclear plant subsidies that has so far been unsuccessful in the courts.

"We hope the Supreme Court recognizes the gravity of this issue, since wholesale power markets cannot continue to withstand the impact of such state actions," Pat Jagtiani, NGSA's executive vice president of NGSA, said in a statement.

New York and Illinois in recent years allowed a handful of nuclear power plants to take advantage of zero-emission credit (ZEC) programs to keep them from shutting down amid competition, mainly from low-priced natural gas.

Supreme Court justices Neil Gorsuch, left, and Brett Kavanaugh at the Capitol ...

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