[Report] NY REV Straw Proposal Recommends Utility-Owned Distributed Energy Resources

The New York Department of Public Service (DPS) staff has issued a Straw Proposal on achieving the Reforming the Energy Vision (REV) Track One goals. The straw proposal reaffirms the initial April 24 proceeding which identified utilities’ role in managing a distributed system platform (DSP) and growing the state’s existing Distributed Energy Resource (DER) assets. Despite...

California and Quebec Join Carbon Markets to Minimize Compliance Burden

On August 7, 2014, California and Quebec held a successful practice joint carbon emissions allowance auction in preparation for the first ever cross-border auction on November 2014. Despite varied participation levels in Quebec’s first four auctions, activity is expected to increase with program maturity and the upcoming 2015 compliance deadline.The programs – under the Western...

Hawaiian Electric Companies Propose Comprehensive Energy Plans

Hawaiian Electric Companies have proposed comprehensive electric energy plans with a goal to achieve more than 65 percent renewable energy by 2030.   On August 26, 2014, the Hawaiian Electric Companies – Hawaiian Electric, Maui Electric, and Hawaii Electric Light Company – proposed electric energy plans in response to the Hawaii Public Utilities Commission’s (PUC)...

IRS Clarifies Eligibility Criteria for Renewable Energy Tax Credits

IRS Notice 2014-46 provides additional eligibility clarification for renewable energy tax credits and lowers the Safe Harbor requirement from 5 percent to 3 percent. On August 8, 2014, the Treasury Department and the Internal Revenue Service (IRS) released guidance (Notice 2014-26) providing additional clarification regarding eligibility requirements for the renewable electricity production tax credit (PTC)...

Massachusetts’ Clean Energy Resources Bill Aims for Long-Term Clean Energy Contracts

The Clean Energy Resources Bill would require minimum annual clean energy contracts of 18.9 million megawatt-hours of electricity for 20-25 years. Massachusetts’ H.3968, An Act Relative to Clean Energy Resources, introduced by Rep. Mark J. Cusack (D-MA) and Sen. Barry R. Finegold (D-MA) on June 18, would require electricity distribution companies to solicit proposals for...

DOE Issues $4B Loan Guarantee Solicitation

DOE has issued a $4B loan guarantee solicitation to support innovative renewable energy and energy efficiency projects that mitigate greenhouse gas emissions. On July 3, 2014, the Department of Energy (DOE) issued a loan guarantee solicitation of up to $4B for innovative renewable energy and energy efficiency projects aimed to prevent, reduce, or sequester greenhouse...

New York Doubles Contract Length for Large-Scale Renewable Projects

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....

New York Is First To Tackle Grid Modernization With REV

The New York State Reforming the Energy Vision (REV) initiative aims to answer the question of how to proceed with New York’s energy future in the face of aging electric generating plants and the need for a more resilient energy infrastructure. Overview The initiative – announced by Governor Cuomo in April 2014 – tasks the...

New York Power Authority Leads State Energy Initiatives

In 2013, New York Power Authority (NYPA) produced approximately 27.8B kilowatt-hours, approximately 20 percent of the state’s power. Approximately 70 percent of this power came from clean, renewable hydropower. NYPA, the nation’s largest state-owned power organization, is at the forefront of innovative energy, environmental, and economic development initiatives. As a leading provider of low-cost electricity,...