So there's grave new trouble for New York Governor Andrew Cuomo's crony-capitalist, climate alarmist…
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Crony Capitalist N.Y. Utility Subsidy Boondoggle Now Facing Federal Lawsuit

So there's grave new trouble for New York Governor Andrew Cuomo's crony-capitalist, climate alarmist utility subsidy boondoggle:  a federal lawsuit.

Since its introduction in August, CFIF has been exposing Cuomo's "Clean Energy Standard" (CES), a scheme approved by the state of New York's Public Service Commission made up entirely of his own appointees.  In a nutshell, the CES creates an artificial mandate that 50% of all the state's energy be generated by carbon-neutral plants just 13 years from now.   At a minimum, the CES will cost $1 billion in its first two years alone, and an estimated $8 billion over its 13-year existence.  And it illustrates the sort of crony capitalism that is all too common at the federal, state and local levels because the plan's subsidies will be steered…[more]

October 21, 2016 • 06:25 pm
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