BlueRock Energy Inc. submitted a request to the New York State Public Service Commission asking for relief from the approximately $185,000 per month that it would have to pay the New York State Energy Research and Development Authority for zero-emission credits.
The company explains that it entered into an agreement in October to assign all of its customer contracts to another supplier. The process began in November and is set to end in late February. As a result, BlueRock will have no customers but still be required to pay NYSERDA for the credits. Although the company recognizes that the overpayment will ultimately be refunded, it highlights the substantial financial burden in paying for these costs up front.
The Electric Power Suppliers Association on Jan. 7 filed a petition asking the U.S. Supreme Court to review appellate court rulings that upheld zero-emission credit programs designed to support financially struggling nuclear plants in New York and Illinois.
BlueRock is an energy service company that provides electric and natural gas services to residential and non-residential customers in New York. It operates as a subsidiary of Bluerock Energy Holdings Inc.