Energy Committee Update
September 17, 2013
Contact: Darren Suarez
- Green Bank Discussion
- Standards for Repowering
- RGGI “White Paper”
Indian Point Public Hearing
On September 30th chairman of the Senate Standing Committee on Energy and Telecommunications, Senator George Maziarz, has called a public hearing to examine and analyze the plans, contentions and arguments put forward in relation to the Indian Point Contingency proceeding being conducted by the New York State Public Service Commission. The Business Council will be providing testimony at the event.
PSC to Review Green Bank, EEPS, and RPS
The Public Service Commission (PSC) is seeking comments on three inter-related proposals affecting New York’s portfolio of clean energy programs, i.e., New York Green Bank (NYGB), the Renewable Portfolio Standard (RPS), and the Energy Efficiency Portfolio Standard (EEPS). The proposals under consideration, with their filing dates, consist of the following:
- On September 9, 2013, the New York State Energy Research and Development Authority (NYSERDA) filed a petition in Case 13-M-0412 requesting that the Commission reallocate and repurpose uncommitted NYSERDA EEPS I and SBC III funds, uncommitted utility EEPS I funds, and NYSERDA RPS funds to provide an initial capitalization of the New York Green Bank. Proposed by Governor Cuomo in his 2013 State of the State address, the Green Bank is a $1 billion initiative intended to stimulate capital markets to finance clean energy projects. NYSERDA's petition requests $165.6 million for the initial operations of the Green Bank.
- On September 5, 2013 in Case 03-E-0188, NYSERDA also filed a petition requesting that the Commission: (1) identify the source of funding for the NY-Sun 2014-2015 program years; (2) allow NYSERDA the flexibility, in consultation with Department of Public Service Staff (Staff), to establish and to periodically adjust the funds allocation between the Standard Offer and Competitive Photovoltaic (PV) Programs; (3) allow NYSERDA the flexibility to lower the Standard Offer PV incentive level on a regional basis in response to achieving a designated threshold amount of Megawatts (MW) under contract (MW Block Program); (4) eliminate the “40% of installed cost” rule for the Standard Offer PV program; and (5) allow NYSERDA the flexibility to transition the Competitive PV program to a MW Block performance-based incentive program. NYSERDA also suggests that the Commission should consider whether a better-coordinated statewide PV incentive program, including Long Island, would achieve greater efficiencies and success.
- On September 13, 2013, Staff filed an EEPS Restructuring Proposal. The proposal describes both near and long-term potential modifications to the EEPS program.
The Commission is also seeking initial comments on a series of informational reports filed by NYSERDA on September 5th and 9th concerning the RPS. This step is the first phase of the Commission’s planned 2013 assessment of the program. For the Main Tier of the RPS Program, the documents consist of a summary and three separate volumes: Program Review Introduction; Current Portfolio Analysis; and Projected Impact from Using Available Uncommitted Funds. For the Customer-Sited Tier, a report on Market Evaluation, Program Expectation and Funding Consideration for 2013-2015 and a report on Impact Evaluation for solar PV and on-site wind programs were submitted.