Statement in Response to Public Service Commission Decision
Today’s Public Service Commission decision on increased funding for certain renewable generation projects clearly illustrates the practical and financial challenges New York State needs to address as it implements the CLCPA’s key mandates. The decision also illustrates the need for increased transparency and public information on what major components of our clean energy transition will cost, how those costs compare to alternatives, and how those upfront and long-term cost impacts (including potential cost savings) will affect residential and business ratepayers.
Achieving the CLCPA’s renewable energy, electrification, emission reduction and economic equity goals while assuring reliable and affordable energy systems will require the successful implementation and coordination of multiple complex programs, with shortcomings in any major program having ripple effects on other aspects of CLCPA implementation. As an example, achieving the emission reduction mandates through an affordable cap and invest program will be heavily dependent on the state’s meeting its renewable power goals.
Increased public information and engagement is essential to assuring widespread public support for these programs and is essential to achieving the CLCPA goals.