NY REV Impact Statement Identifies Billions in Cross-Cutting Benefits by 2026

The REV and CEF are anticipated to yield overall positive environmental impacts, primarily by reducing fossil fuel-based energy generation and supporting demand management, rate structures, electric vehicles, energy storage, and smart grid technologies.   On February 6, 2015, the New York State Department of Public Service (DPS) released its Final Generic Environmental Impact Statement providing...

President’s Budget Would Increase Funding for Renewable Technologies but Defund Fossil Energy Research

The House Energy and Power Subcommittee heard testimony from Secretary Moniz on the DOE FY 2016 budget request, which outlined $1+B in renewable energy program funding increases but a decrease to fossil energy research and development. On February 11, 2015, the House Energy and Power Subcommittee held a hearing on the Department of Energy’s (DOE)...

California Climate Bills Could Set Precedent for Emissions Policies in Other States

California Senators Propose to Increase State’s Renewable Energy Targets in Support of Governor’s 50-50-50 Goal On February 10, 2015, California Democrat Senator Kevin de León publicly announced four bills as part of the California Climate Leadership bill package to support the state’s Renewable Portfolio Standard (RPS) and establish objectives beyond its 2020 emissions reduction targets....

Senators Challenge EPA’s Office of Air and Radiation on Clean Power Plan Along Party Lines

Senators in the Environmental and Public Works Committee presented dueling cost-benefit arguments for the climate change mitigation proposal that split between Republicans and Democrats, despite widespread state opposition to the rule. The Environmental Protection Agency (EPA) released the Clean Power Plan (CPP) proposal on June 2, 2014, to address greenhouse gas emissions (GHG) from existing...

New Massachusetts Energy Bill Targets Energy Resource Diversity

A new Massachusetts energy bill aims to enhance energy diversity by rate-basing natural gas pipeline additions and mandating offshore wind procurement. A new energy bill filed by Rep. Patricia Haddad (D-MA) in the Massachusetts House of Representatives on January 16 proposes fundamental changes to the state’s energy landscape through increased renewable generation and natural gas...

President’s FY 2016 Budget Request Prioritizes Clean Energy and Climate Action

The President’s Budget Leaves a Legacy of Clean Energy and Climate Change Mitigation Support The president’s budget provides strong support for clean energy and addressing climate change. The proposal would allocate substantial funding for clean energy and climate initiatives, while removing favorable tax deductions for the fossil fuel exploration and production (E&P) industry. The budget...

Resource Constraints Yield High Prices in New England’s Ninth Forward Capacity Auction

High clearing prices in ISO-NE’s ninth forward capacity auction will stimulate new resource build-out to meet future demand. FCM Auction Attracts New Resources to Meet Low Reserve Margin The New England Independent System Operator’s (ISO-NE) ninth annual Forward Capacity Market (FCM) auction to acquire resources to meet June 1, 2018 through May 31, 2019 electricity...

NY Governor Outlines Multi-Billion Dollar Clean Energy Commitment in State of the State

Governor Cuomo’s 2015 Opportunity Agenda reiterates his commitment to early stage energy technology and grid resiliency investments. In his 2015 State of the State address on January 21, 2015, Governor Andrew M. Cuomo proposed significant initiatives to advance clean energy, environmental protection, and climate resilience efforts that support the Reforming the Energy Vision (REV) proceeding....

The 2015 Political Landscape Will Have Far-Reaching Energy Industry Implications

EPA emissions rules and legislative actions will impact every aspect of the energy value chain in 2015 Key Takeaways: Policies impacting energy independence and associated environmental impacts are coming head-to-head at the federal level Legislators will aim to settle long-debated oil and gas infrastructure and export bills and will use legistive authorities to delay, defund,...

SOTU 2015: Resolute Call for Climate Action

In his State of the Union Address, the President made a forceful call for climate action, asserting that the U.S. will double its emissions reduction pace. In his State of the Union (SOTU) speech on January 20, 2015, President Obama made a resolute call for climate action, stating that no challenge poses a greater threat...

Justice Department Seeks Supreme Court Review of FERC Order 745 Vacatur

The Justice Department has sought Supreme Court review of the May 2014 invalidated FERC Order 745 vacatur, considering its importance for the future of electricity-market regulation. On January 15, 2015, the U.S. Department of Justice (DOJ) — on behalf of the Federal Energy Regulatory Commission (FERC) — petitioned the Supreme Court for a writ of certiorari to...

ISO-NE Details 2014/2015 WRP Resource Participation

ISO-NE’s current Winter Reliability Program boasts increased fuel and resource availability through a restructured and expanded compensation structure. On January 12, 2015, ISO New England (ISO-NE) released a report on the resource participation of its 2014/2015 Winter Reliability Program (WRP), a temporary out-of-market solution to maintain electric system reliability. ISO-NE expressed confidence that a diverse...