Energy Committee Update
October 7, 2013
Senate Committee on Energy and Telecommunications Indian Point Hearing
On September 30, the New York State Senate Committee on Energy and Telecommunications held a public hearing in New York City to discuss the Indian Point Contingency Plan being conducted by the New York State Public Service Commission (PSC). The hearing examined the impacts of potential outcomes on the state’s environment and particularly air quality, as well as ratepayer costs, reliability and competitive markets.
Representatives NYPA, the NYS Department of Public Service, Con Edison, Entergy, NYISO, IPPNY, Central Hudson, Utility Workers Union, The Business Council and Riverkeeper met with a bipartisan group of state senators and provided oral testimony regarding this issue. Members of the Senate attending the hearing included Senator Maziarz, Senator Ritchie, and Senator Carlucci.
On September 25th at The Business Council Annual Meeting in Bolton Landing, NY Greg Hale Senior Advisor, Energy & Finance Office of the Governor, made an a presentation regarding the NY Green Bank. Hale explained the goal of NY Green Bank is to accelerate deployment of clean energy by removing barriers in financing markets. The Green Bank does not intend to compete with private sector entities but will instead partner with them, nor will its principal role be to provide subsidy. The Bank will focus its activities on clean energy projects that are economically viable but not currently financeable.
Additional information regarding the Green Bank can be obtained from the following sources.
- Greg Hale’s Sept 25th Presentation
- Booz &Co Green Bank Final Report
- NYSERDA PSC Filing to Provide Initial Capitalization for the New York Green Bank
A New York Green Bank technical conference will be held between 3:00 P.M. and 5:00 P.M., on Tuesday, October 15, 2013, at the New York State Department of Public Service’s Albany Offices, 19th floor, 3 Empire State Plaza. The purpose of the technical conference is to review and receive comments on NYSERDA’s petition seeking funding for the New York Green Bank. To view the webcast of the technical conference, go to: http://22.214.171.124, and click on "DPS Greenbank."
State Energy Plan
The overdue State Energy Plan appears to be on track for a Fall 2013 release. During the August 29th meeting of the New York State Energy Planning Board, the members were told of a Draft Plan to be presented to Board, issued to public - Fall 2013. The Draft Plan will be followed by a time for written public comments and six public comment hearings including three “Upstate” and three “Downstate”. The spring of 2014 has been targeted for the Final Plan to be presented to Board for adoption.