Dive Brief:
- New York has delayed its Reforming the Energy Vision (REV) proceeding, pushing back by at least a month an analysis of what it will cost to remake the state's electricity grid.
- In addition, the state has also delayed releasing more information on its Clean Energy Fund, which will replace energy efficiency and renewables mandates and align with the REV proceeding.
- A spokesman for the Public Service Commission told Capital New York that the delay was necessary to gather more information from stakeholders.
Dive Insight:
Two of New York's ambitious energy initiatives have been delayed, pushing into June the deadline for more information about the state's clean energy funds and REV proceeding.
New York's plan to modernize its electric grid aims to fundamentally transform the way electricity is used in the state by focusing on distributed assets, energy storage, demand response and smart grid. The state also plans to remake the state's renewable and efficiency mandates into a 10-year, $5 billion clean energy fund to accelerate the development of "cleaner, more resilient, and more affordable energy infrastructure."
However, documents filed with the Public Service Commission indicate a cost-benefit analysis of the REV proceeding has been pushed back until June 1, and more details about the clean energy fund will not be available until June 7, Capital New York reports.
“Considering the critical importance of this initiative, extending the self-imposed deadlines for submittal of certain filings makes perfect sense,” PSC spokesman James Denn told Capital New York. “The extension was granted keeping in mind the interests of ratepayers, utilities and the public to ensure all issues are well-informed, thoroughly considered and, to the extent possible, reflect the collective knowledge and wisdom of stakeholders."
