Hochul Pushes for Climate Law Changes Amid Utility Crisis

New York Governor Kathy Hochul is advocating for amendments to the states 2019 climate law to avoid potential massive rate hikes due to a looming court ruling. The law, aimed at reducing emissions, has missed deadlines on a key cap-and-invest program. Hochul seeks more time to meet targets, possibly by adjusting deadlines and success measures. However, lawmakers in the Senate and Assembly are pushing back, proposing climate measures in their budget plans and setting aside funds for green programs without altering the climate law. Environmental advocates and Democrats argue the energy memo predicting rate increases is flawed, blaming federal policies, old fossil fuel plants, and supply issues. As budget talks continue, Hochul has not yet presented a formal plan, and negotiations remain ongoing.

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