New York White Paper on Clean Energy Standard

New York State Dept. of Public Service
http://on.ny.gov/1RMwkTQ

[Utility Dive]

  • Staff of the New York Public Service Commission this week issued a white paper on a new Clean Energy Standard proposed for the state, calling for utilities to purchase power from several struggling upstate nuclear facilities while also boosting renewables and energy efficiency, RTO Insider reports.
  • By 2020, the state’s utilities will need to be supplying 15.7% of their forecasted load from nuclear facilities that New York Gov. Andrew Cuomo (D) has vowed to protect from closure.
  • Plans also call for utilities to grow renewables use to almost 30% across the same time frame, an interim step towards the state’s plan to reach a 50% renewables goal by 2030.
  • Cuomo last week announced regulators had approved the 10-year, $5 billion Clean Energy Fund, designed to bolster the state’s grid while also attracting third-party capital to the state and lowering consumers’ energy bills.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s