Despite concerns that its route is not the most economic option, NYRI says it has submitted alternatives for government consideration.Saying that New York Regional Interconnect [1] is seeking a "greedy money grab," Sen. Charles Schumer [2] is asking the federal government to deny the company's application for a rate reimbursement.
According to the Middletown Times Herald-Record [3], the company is seeking subsidies for the $2 billion electric corridor from the Federal Energy Regulatory Commission [4]. The line would pass through Orange and Sullivan counties.
The subsidies would include a 13.5 percent return for investors. NYRI is seeking them under rules set up by the Energy Policy Act of 2005.