NEW YORK POLITICS: The NYS Assembly Expected To Include $500 Million For Utility Customers In House Budget

NEW YORK STATE: Soaring energy bills have left an estimated one in five New Yorkers behind payment. Now, the state legislature is poised to take action.

A big infusion of cash to help consumers is expected to be included in the state budget to be finalized in the coming weeks.

The price of fossil fuels has increased due to market fluctuations and increased NYC resident's Con Edison bills.

Help may be on the way, because the state Assembly will approve its budget, which is expected to include $500 Million to assist utility customers.

The assembly budget resolution would be non-biding, but a statement of priorities from the assembly as they head into final budget negotiations with Governor Hochul.

The budget is due April 1st.

Currently, 90% of the New York City’s energy grid relies on fossil fuels.

Some have blamed the shutting of Indian Point nuclear power plant in Westchester County which provided up to 25% of the region’s energy needs.

New York has set ambitious benchmarks to replace fossil fuels with renewable energy.

The problem is the renewable and clean energy infrastructure is nowhere near where it needs to be in order replace fossil fuel reliance.