Fishkill, NY - Assemblyman Kieran Michael Lalor (R,C,I - Fishkill) is asking the Federal Energy Regulatory Commission (FERC) to cancel its plans for a new Capicity Zone that would raise Hudson Valley electricity prices by 10% or more.
"In the middle of a six-year economic downturn, it is almost incomprehensible that the Federal Energy Regulatory Commission would decide to drive up electricity prices by 10 percent for families in New Yorks Hudson Valley," said Lalor. "Yet, thats exactly what the new Capacity Zone will do next month when it takes effect. Hudson Valley families, squeezed all winter by raising prices, will now watch their federal government artificially raise prices. I'm urging FERC to reconsider this destructive decision."
Lalor added, "The Poughkeepsie-Newburgh-Middletown metropolitan region was one of just two New York regions to lose jobs in 2013. But, on top of the 10% hike for residential consumers, the new Capacity Zone will mean as much as an 18% increase in the electricity bills for industrial consumers. We cant afford that kind of pressure on our local economy."
"The federal government is artificially driving up prices with the new Capacity Zone," Lalor continued. "Their idea is to encourage the development of new local electricity generation, but we should be able to do that without hitting consumers with price hikes. Just encourage more electricity production. Its that simple. Encourage businesses to develop new plants, help cut through the red tape and get the new plants off the ground. All of that can be done without artificially manipulating electricity prices. FERC needs to cancel the new Capacity Zones."