CITIZEN POWER ALLIANCE

Power plant owners are pushing back at a proposal by state regulators to require annual financial reports with the state that haven't been required since the 1990s.

The state Public Service Commission has been asking for industry members and consumer groups to submit comments on a plan to require the financial disclosures after the issue was brought up last year by New York City Assemblyman James Brennan.

Brennan had been looking into the financial condition of the Indian Point nuclear power plant when he discovered the PSC had dropped requirements that power plants file annual reports.

The policy was changed in 1991 after the commission recognized that power plants were already obligated to make financial disclosures to the Federal Energy Regulatory Commission, or FERC.

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