Building upon its efforts at better aligning the State’s regulatory structure with a transforming energy market and the guiding principles first articulated in its Reforming the Energy.
BROOKLYN – National Grid announced today that the company has reached an agreement on a three-year rate plan proposal in its ongoing rate case proceeding. In line with National Grid’s commitment to building a stronger, smarter, cleaner energy system in New York, the joint proposal includes critical improvements to support the state’s clean energy goals, National Grid announced today that the company has reached an agreement on a three-year rate plan proposal in its ongoing rate case proceeding
In February, the Port of Albany said the costs to build a wind tower factory have grown to $604 million from earlier estimates of $350 million, necessitating more aid. This month, wind developers Equinor and BP said they would need to renegotiate contracts in light of inflation. It was not immediately clear what impact these increases could have on consumer electricity prices. The strike price represents a base line that power generators are guaranteed for their electricity. And NYSERDA’s 64 percent estimate represents an average increase, weighted by the size of the projects, if all the increases were approved.
Governor Hochul announced that the New York State Public Service Commission approved a transmission line that will deliver electricity from the Sunrise Wind Farm, a proposed wind farm off the coast of Long Island, to the existing electrical grid in New York State.