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New York's Bizarre Nuclear Bailout
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States with nuclear power plants are grappling with a highly unusual conundrum. The plants are running significant operating losses, but allowing them to be shut down would, paradoxically, significantly increase electric bills, because new energy sources to replace them would be considerably more expensive. A thicket of mandates and regulations have created this economically irrational situation by forcing politically-favored, heavily-subsidized technologies onto an electric grid where demand is flat.