New York’s Third Large-Scale Renewable Purchase Expected to Draw $1 Billion Investment

Democratic Governor Andrew Cuomo on April 23 announced a solicitation for large-scale renewable energy projects in a series of annual procurements under New York’s Clean Energy Standard, which requires half the state’s electricity to come from renewable energy by 2030. The competition is expected to spur over $1 billion in private investment and support around…

New York Regulator Ends Utilities’ Interconnection Incentive, Says More Effective Tools Available

The New York Public Service Commission on April 24 directed the state’s electric utilities to terminate the use of outcome-based earning incentives tied to interconnection, finding that the metric no longer presents an opportunity to earn revenue that is connected to improved customer value. The agency found that more effective tools have been developed and…