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Gov. Cuomo Expected To Sign Bill Permitting Construction Of New Power Plants

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Gov. Andrew Cuomo (credit: Mario Tama/Getty Images)

Gov. Andrew Cuomo (credit: Mario Tama/Getty Images)

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ALBANY, N.Y. (CBSNewYork/AP)Gov. Andrew Cuomo is set to sign a bill that will allow New York to increase its power production and to announce a plan allowing homeowners and businesses to borrow for the cost of energy efficiency projects.

The Power N.Y. Act will allow for the first power plants to be built in New York since a previous law expired in 2003.

The law will include several new environmental protection measures.

The new program for homeowners and businesses will allow them to take out low-interest loans from the state for energy efficiency improvements and pay back the loans through their utility bills.

Cuomo’s announcement is expected Thursday afternoon.

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(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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