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It's Your Money Update: Proposed downstate power plant closing will not impact local utility rates

Posted at: 04/24/2013 4:46 PM

News10NBC has learned that your money will no longer be on the hook if the state decides to close the Indian Point Power Plants in downstate New York and replace it with a different energy source.

The plants are located more than 300 miles away in Westchester County.

The Public Service Commission announced Wednesday that only people who are directly impacted by the power plant should pay. The state has 45 days to submit a new proposal.

Originally, RG&E and NYSEG customers would have had to shoulder about $72 million of the cost.