NY Announces Milestones to Advance the REV Proceeding

Governor Cuomo has announced five initiatives consistent with the REV strategy to advance the local clean energy industry and modernize utility sector operations. On December 12, 2014, New York Governor Andrew M. Cuomo announced new clean energy initiatives consistent with the Reforming the Energy Vision (REV) strategy to spur innovation and investment, improve customer choice…

[Report] Utilities Nationwide Adjust Rate Designs to Meet Changing Customer Demand

Utilities are increasingly pursuing rate design reform to earn revenue as kilowatt-hour demand growth flattens. As net energy-metered residential solar PV installation growth continues, utilities will be challenged with building and maintaining infrastructure with diminishing revenue streams. The fixed charge and net energy metering NEM compensation debate will continue as utilities fight for sustained revenue…

NY PSC Approves Con Edison BQDM Program

Approval of Con Edison’s BQDM Program is a significant step for the utility to pursue non-traditional infrastructure investments to meet local demand. On December 12, 2014, the New York State Public Service Commission (PSC) issued an order in Case 14-E-0302 approving Consolidated Edison Company of New York Inc.’s (Con Edison) Brooklyn/Queens Demand Management (BQDM) Program to address overload…

[Report] New England Renewable Energy Policies Support Attractive Market

Federal tax incentives, strong state renewable portfolio standards, and associated renewable energy certificate programs facilitate regional installation growth. New England states must continuously analyze and update their RPS policies to ensure renewable energy growth, as developers currently rely on the standards and associated REC markets for project demand and financing. With federal and state policies…

House Passes One-Year Tax Extender Bill

The House has passed a one-year extension of several tax provisions including the renewable energy production tax credit and several biofuel industry incentives. On December 3, 2014, the U.S. House of Representatives passed the Tax Increase Prevention Act of 2014 (H.R. 5771), a one-year tax extender package for several tax relief provisions that expired at…

[Report] Utilities Moving Toward Alternative Resource Investments

State utilities – such as New York’s Con Edison – are beginning to consider non-traditional infrastructure and resource investments to meet peak load. Distributed energy resources investments and increased customer engagement will help create a more diverse, resilient energy grid. Over the next year – and beyond – State PUCs and utilities will work closely…

[Report] Non-Hydro Energy Storage Gaining Traction in Grid-Scale Applications

Non-hydro utility-scale energy storage solutions are landing record-setting contracts in multiple regions, marking a transition beyond small-scale ancillary services. Fast-reacting and flexible energy storage resources can efficiently provide ancillary services to free-up traditional generation assets for wholesale market participation. The U.S. Bicameral Task Force on Climate Change recently cited that by 2022, the worldwide demand…

DOE Launches Industry Partner Network to Engage Minorities in Energy Sector

The DOE’s Minorities in Energy Industry Partner Network aims to build minorities’ capacity to compete for energy sector opportunities. On November 18, 2014 — the first anniversary of the Department of Energy’s (DOE) Minorities in Energy Initiative (MIE) — DOE launched the MIE Industry Partner Network to increase engagement of underrepresented communities in the energy sector….

SunEdison Acquires First Wind for $2.4B

The acquisition of Massachusetts-based First Wind marks SunEdison’s entry into the global wind market, potentially making it the world’s largest renewable energy company. On November 17, 2014, global solar developer SunEdison Inc. and its indirect subsidiary TerraForm Power Inc. announced a definitive agreement to acquire Boston-based First Wind, a leading independent wind development and asset management…

New York Announces Large-Scale Renewable Projects under RPS Program

Four large-scale renewable energy projects selected through RPS Main Tier solicitations will add approximately 164 MW to New York’s renewable energy capacity. On November 12, 2014, New York Governor Andrew M. Cuomo announced $206M in funding to four Upstate large-scale clean energy projects aimed to reduce emissions and improve energy infrastructure resiliency.  Once operational, the…