Byline: Associated Press
The state Public Service Commission on Wednesday approved a controversial agreement designed to close the Shoreham nuclear power plant on Long Island.
In approving the deal, worked out earlier this year by Gov. Mario M. Cuomo and officials of the Long Island Lighting Co., the PSC also authorized Long Island Lighting rate increases that could result in Long Island residents paying the highest electric rates in the nation.
Long Island Lighting owns the Shoreham plant and the rate increases approved by the PSC were considered a key ingredient to the deal.
By a vote of 6-1, the PSC made permanent a 5.4 percent rate …
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