NY Power Plant Regs Stifle Enthusiasm, Developers Say

Law360, New York (May 29, 2012, 7:42 PM EDT) -- Burdensome, nitpicking regulations could discourage new power plants from being built in New York, developer groups said Tuesday, warning that a law meant to lure builders with a sleek, streamlined approval process could actually backfire.

National Grid PLC, Consolidated Edison Co. of New York Inc. and New York city officials warned that regulations that cede too much veto power to local communities, impose too long a waiting period for plant modifications and require project managers to disclose cost details about the project could add up to...
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