Provides for recovery of costs prudently incurred in the siting, design, licensing, and construction of new nuclear power plants.
Allowed utilities to recover costs of financing nuclear construction, provided it passes a prudency review of pre-construction costs.
Allowed utilities to recover costs of financing nuclear plant construction if approved by the PSC.
Would have directed the New York State Power Authority to purchase the FitzPatrick plant as caretaker owner and retain the plant long term.
Reviews advanced cost recovery programs, legal challenges, and proposes to create incentives for nuclear projects through an increased allowable rate of return on advanced cost recovery, while protecting ratepayers through more stringent cost review.