Nearly a year ago, the New York Public Service Commission (Commission) initiated a groundbreaking effort, called ‘Reforming the Energy Vision’ (REV), to overhaul the longstanding electric utility business model. In the months since starting the REV proceeding, the Commission has sought advice from Department of Public Service staff, industry stakeholders, and environmental non-profits, among others, quietly… Keep reading →
Pushing forward on what some are calling “Utility 2.0,” New York on Thursday adopted a regulatory reform framework aimed in large part at paving the way for more cleaner, distributed energy on the grid. A whole host of factors is driving the state here: A post-Sandy desire to address climate-change risks, increasingly cheaper renewables, smart… Keep reading →
Since the New York Public Service Commission (Commission) opened its Reforming the Energy Vision (REV) proceeding in the spring to modernize the state’s electricity system, a lot has happened. Namely, New York utilities are already working to align themselves with the broad objectives outlined in the REV proceeding. Here is an overview of efforts by… Keep reading →
Approval of Con Edison’s BQDM Program is a significant step for the utility to pursue non-traditional infrastructure investments to meet local demand. On December 12, 2014, the New York State Public Service Commission (PSC) issued an order in Case 14-E-0302 approving Consolidated Edison Company of New York Inc.’s (Con Edison) Brooklyn/Queens Demand Management (BQDM) Program to address overload… Keep reading →
When the New York Public Service Commission (Commission) opened its historic “Reforming the Energy Vision” (REV) proceeding earlier this year, it recognized that the way utility companies have been regulated is out of sync with innovations in technology, business realities, and evolving customer needs, including the need to reduce harmful pollution. In order for utility… Keep reading →
On Tuesday, November 18, 2014, the Guarini Center at NYU Law convened a roundtable discussion on utility regulation in the United Kingdom, focusing on its new “RIIO” model. The event brought together American regulators, NGOs, utilities, and academics to exchange thoughts and ideas with presenters from the analogous spheres in Britain. A roundtable report will follow in… Keep reading →
Clean energy finance is thriving in New York State. This week, Governor Cuomo announced the New York Green Bank’s first set of deals, totaling an impressive $800 million in clean energy investments across the state. The projects funded by this investment will yield an impressive annual reduction of 575,000 tons of carbon dioxide emissions, roughly equivalent to removing… Keep reading →
New York’s “Reforming the Energy Vision” (REV) proceeding aims to reform the state’s long-standing electricity system to lay the groundwork for a cleaner and more efficient grid that allows for more customer choice and competition from third-party energy services companies. Forming the centerpiece of this 21st-century vision is a platform that would smoothly integrate innovative energy services… Keep reading →
As we’ve mentioned before, New York is changing how it evaluates and compensates electric utilities. One goal of this change is increased consumer engagement, which makes customers allies in the development of a more reliable, resilient, and ‘smart’ electric grid. Many customers have begun taking advantage of new energy technologies and their falling prices by turning to… Keep reading →
Revisions to New York’s Main Tier RPS will increase contract lengths for large-scale renewable projects from 10 years to 20 years, providing greater investor certainty. On July 2, 2014, the New York State Public Service Commission (PSC) announced major changes to the state’s Main Tier Renewable Portfolio Standard (RPS) program to promote large-scale renewable projects.… Keep reading →
