US court upholds New York nuclear power plant subsidy program -trade group

Oct 1 (Reuters) - A federal court has upheld the legality of New York state's program that provides support for certain nuclear power plants in the state, American Public Power Association said in a statement.

* The Sept. 27 decision from the U.S. Court of Appeals for the Second Circuit establishes the New York State Zero Emission Credit (ZEC) program does not interfere with federal jurisdiction over interstate energy markets, the association said.

* The ZEC program provides a new revenue stream to keep nuclear reactors in service to help meet the states' greenhouse gas reduction goals.

* American Public Power Association is a trade group representing public power companies.

* The New York appeals court decision follows closely on the heels of a similar ruling in Illinois.

* Source: (https://bit.ly/2DSma4i) (Reporting by Eileen Soreng in Bengaluru; Editing by David Gregorio)