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POLITICO New York Energy: Assembly energy chair questions nuclear subsidy; Gibson raises money on climate beliefs

07/21/2016 10:00 AM EDT

By David Giambusso and Scott Waldman

Good morning! You are receiving the complimentary synopsis of the POLITICO New York Pro Energy newsletter. Pro subscribers are receiving an enhanced version of this newsletter at 5:45 a.m. each weekday, which includes a look-ahead and robust analysis of energy policy news driving the day. If you would like the Pro version of this newsletter, along with customized real-time insights on New York energy, please contact us here and we will set you up with trial access. Thank you for reading!

ASSEMBLY ENERGY CHAIR QUESTIONS NUCLEAR SUBSIDY PROGRAM - POLITICO New York's Scott Waldman: The chairwoman of the Assembly energy committee is questioning the Cuomo administration's plan to subsidize upstate nuclear reactors and wants to know how much it would cost New York residents. On Tuesday, Democratic Assemblywoman Amy Paulin of Westchester sent a list of pointed questions to the administration, seeking more information about how much the plan would cost consumers and how much of the subsidy would go toward jobs. She also asked how the plan would affect low-income energy customers and whether the administration had considered if offshore wind farms could account for some of the emissions-free energy sources the state wants to grow. Paulin's request touched on many of the key details about the plan that the administration has been slow to release. The administration projected the plan would cost $1 billion in the next two years, but costs would climb steeply thereafter. The plan could cost more than $8 billion in the next 12 years, with all of the cost spread through utility bills. http://politi.co/2ahRYRB

GIBSON RAISES MONEY OFF CLIMATE CHANGE BELIEFS - POLITICO New York's Bill Mahoney: U.S. Rep. Chris Gibson raised less during the entirety of his flirtation with a 2018 gubernatorial campaign than potential opponent Andrew Cuomo has raised from just his 10th largest donor this cycle. http://politi.co/2adwySy

PREPPING HOOSICK DOCUMENTS - The Times Union's Matt Hamilton: "A congressional committee has granted Gov. Andrew Cuomo's administration an extension of its deadline to turn over documents related to the Hoosick Falls water contamination crisis that the committee is seeking as it investigates the issue." http://bit.ly/29PJxba

AROUND NEW YORK:

--U.S. Rep. John Katko, from upstate Camillus, has become the latest Republican to sign onto a GOP resolution that says humans have contributed to climate change and that Congress should take steps to counter the impact. http://bit.ly/29ZSL8O

--LIPA delayed a vote on a proposed offshore wind farm. http://nwsdy.li/2avk9Zy

--Senate environmental conservation chairman Tom O'Mara is taking a victory lap on passage of his lead testing legislation. http://stargaz.tt/29WmUEz

--A new earthquake-resilient pipeline was tested during an earthquake simulation at Cornell University. http://bit.ly/2acGn3k

HAPPY THURSDAY: Let us know anytime if you have tips, story ideas or life advice. We're always here at dgiambusso@politico.com and swaldman@politico.com . And if you like this letter, please tell a friend and/or loved one. Here's a handy sign-up link: http://politi.co/1TZmBpl

MUSK: SOLARCITY MERGER WILL WIN BY WIDE MARGIN - The Buffalo News' David Robinson: "Tesla Motors CEO Elon Musk expects the proposed merger between the electric vehicle maker and SolarCity to win shareholder approval by a wide margin." http://bit.ly/29WN9L2

--Elon Musk wants cars of the future to charge with a solar roof and to power the grid when they're not in use, according to a new master plan for Tesla/SolarCity he released late Wednesday. https://www.tesla.com/blog/master-plan-part-deux

TRUMP'S ENERGY WHISPERER - POLITICO's Elana Schor and Andrew Restuccia: "You might call Harold Hamm the Donald Trump of the oil patch. The Oklahoma oilman [took] the stage at the Republican National Convention for a prime-time speaking slot on Wednesday and, like Trump, he brings a flair for showmanship in business and a history of messy divorce proceedings. http://politi.co/2aa3M5Z

RATINGS AGENCY SAYS NET-METERING THREATENS UTILITIES - SNL Energy's Michael Copley: "A policy that has helped boost the U.S. residential solar market could threaten the creditworthiness of investor-owned utilities." http://bit.ly/29Uqq14

ANOTHER RECORD-BREAKING YEAR FOR HIGH TEMPERATURES - The New York Times' Henry Fountain: "The world is on pace to set another high temperature benchmark, with 2016 becoming the third year in a row of record heat. NASA scientists announced on Tuesday that global temperatures so far this year were much higher than in the first half of 2015." http://nyti.ms/29Wrznx

OBAMA EXTENDS CLEAN ENERGY FINANCING PROGRAM - Bloomberg's Joe Light: "President Barack Obama is moving to help homeowners finance clean energy improvements under a program widely touted by environmental advocates but criticized for putting borrowers and taxpayers at risk." http://bloom.bg/2abX9Tj

WHEN SUBPOENAS THREATEN CLIMATE SCIENCE - Opinion by Ken Kimmell for the New York Times: "Last week, my organization - the Union of Concerned Scientists - received a subpoena signed by Lamar S. Smith of Texas, the Republican chairman of the House Committee on Science, Space and Technology. The subpoena orders me to hand over correspondence between my staff members and state attorneys general, and between my staff members and environmental organizations and funders." http://nyti.ms/29WMM0Q

FUTURES:

"Crude oil prices rose after new data showed U.S. refiners running their operations far harder than expected, thwarting expectations that a glut of fuel products would start to damp refiners' demand for crude," Timothy Puko writes in the Wall Street Journal. http://on.wsj.com/29WN9Ln

To view online:
http://www.politico.com/states/new-york/tipsheets/politico-new-york-energy/2016/07/assembly-energy-chair-questions-nuclear-subsidy-gibson-raises-money-on-climate-beliefs-004641

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