Dive Summary:
- New York State has has over 41,000 megawatts (MW) of generation, transmission and demand side resources, the grid operator reported Thursday. That is more than enough power to meet projected demand and reserve margin requirements of nearly 39,000 MW, the the New York Independent System Operator (NYISO) said. And the state has enough power resources to meet electricity needs until 2019.
- NY has seen slowing demand due to economic contraction and energy efficiency programs. Total usage in 2012 was 162,842 gigawatt hours (GWh), down from 163,330 GWh in 2011 and 163,505 GWh in 2010.
- The operator's biggest risk was in the potential closing of Entergy Corp's Indian Point nuclear power plant supplying New York City a fourth of its power. But contingency plans have been put in place.
From the article:
"The biggest power companies operating in New York include units of Con Edison, National Grid Plc, Iberdrola SA , Entergy, TransCanada Inc and NRG Energy Inc ."