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Mayoral Hopefuls Issue Competing Climate Plans

3 Comments

  • jim wacker
    Posted January 13, 2021 at 6:54 pm

    I was disappointed to read that no candidates mentioned preserving the nature that exists in the city now.

  • nyc101
    Posted January 17, 2021 at 11:22 am

    ‘He (Stringer) calls for the creation of a public utility using only renewable energy.’

    A NYCHA for electricity? The result would be days-long blackouts. ‘Renewable’ energy will never be enough to power NYC. One hot summer day and the grid would collapse. Especially now with many working from home more residential a/c units will be running than in previous summers, and more residential heating systems in the winters.

    • Suzanne
      Posted February 27, 2021 at 9:59 am

      The big threat to energy in the city is the closure of Indian Point. Nuclear energy as is well known, emits no carbon. Indian Point contributes 25% of the energy used in New York City. Indian Point is on the verge of complete closure and decommissioning is on the horizon. Will the disaster of the recent energy crisis in Texas be our future? Freeze in the dark? It is no longer a threat, but was just shown to be a reality in the perfect storm of policies implemented in that State. So here is a new idea: Why not have the city buy the Indian Point plant before it is totally decommissioned and keep the energy flowing, keep the skilled work force in place, and be in a position to plan 4th generation plants to advance our science and energy production. Such a proposal was made by Dr. Jerry Cuttler, a nuclear scientist from Canada, at a Friday night round table posted on the sareforsenate website. Dr. Cuttler discussed the Canadian model where the hydro and nuclear plants are owned by the government and a company is then hired to run the plants with assurances that that company will not go bankrupt in the process. Thus the company running the plant is not threatened by financial policies that have an “agenda”. Energy should after all be considered a public good. In the case of New York City and Indian Point, consider that the energy supply would be secured from an established plant which takes up 80 acres of of the site near Peekskill — the site is 240 acres and has more space for a 4th generation reactor as well. The work force in the area is highly skilled and can run anything — they have run Indian Point with 99% reliability and great safety for generations. But where would the city get the money? Replacement projects for Indian Point will cost A LOT, with no such assurances, and no continuity of energy supply. For instance, CITY LIMITS wrote in August, 2020 that the Champlain-Hudson Hydro Project proposed to bring hydro 333 miles down from Canada — a project championed by Mayor di Blasio and also Gov. Cuomo — is considering city funding and a bond issuance, with a projected cost of $3 billion. They report: “The expected cost for the project is around $3 billion. Though the city is still looking into various forms of payments, in 2019 officials confirmed that they are looking into the possibility of the city fully financing the transmission line. This means that the city will issue bonds—either general obligation bonds or bonds through its Transitional Finance Authority—to pay for the project. Over the term of the bonds, the city will pay the principal and interest to the bond holders as part of the debt service category in the city’s operating budget. For capital projects, bond debt is usually paid off over a maximum period of 30 years, with the interest rate being around 3 percent.” Somebody will make a lot of money from a risky project that is unnecessary. And finally — if the goal is reduced carbon emissions (is that really what they want?) then Indian Point emits ZERO. A lot of funds will go in to a project which will also be contested to replace the energy of Indian Point, and is unnecessary, when we already have what is needed! Or, we could freeze in the dark — by our own volition!

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