EE Insights Header-1

New York Unveils Details of its Clean Energy Program

Posted by Administrator on 8/9/16 11:46 AM

The New York Department of Public Service (DPS or Commission) on August 1, 2016 issued its long-awaited Clean Energy Standard order (“Order”). The Order sets forth the means by which the Empire State intends to achieve its ambitious goal of supplying 50% of the State’s electricity needs with clean energy by 2030 (50x30). By attaining this target the State will reduce its overall carbon emissions by 40%.

Read More

Topics: NY REV, Renewable Energy, Reforming the Energy Vision, New York Solar, clean energy standard

New York Seeks Value for Distributed Energy and Reevaluates Net Metering

Posted by Jeffrey Karp on 1/7/16 12:02 PM

Co-author Morgan M. Gerard

On December 23rd, 2015, The New York State Public Service Commission (NYPSC) issued a Notice under which it is soliciting comments concerning the value that Distributed Energy Resources (DERs) contribute to the distribution grid system. It is also soliciting feedback on a successor methodology to its current Net Energy Metering (NEM) policy that will help drive development in the interim. Both of these issues are being tackled by the NYPSC as part of New York’s broader Reforming the Energy Vision (REV) initiative.

Read More

Topics: NY REV, Microgrid, Distributed Energy, Distributed Energy Resources, Net Energy Metering, Reforming the Energy Vision, NEM, DG, DER, value of D, Distribution, New York Public Service Commission, Distributed Generation, LMP+D

2015 Year in Review - Renewable Energy in the U.S.

Posted by Jeffrey Karp on 12/23/15 3:33 PM

Co-author Morgan M. Gerard

Despite the low price of oil throughout the year, 2015 may have been an inflection point for renewable energy as a competitive generation source in the U.S. Deutsche Bank has noted that renewable sources, like solar, have reached, or will soon reach, grid parity with fossil fuel sources in many states. As non-fossil energy has become more economically viable, the industry has responded by standardizing and streamlining project processes, and by accessing financing vehicles like yieldcos and public bonds. Despite growth, the past year has also been a tumultuous one full of unexpected developments and policy shifts including the COP 21 agreement and the Clean Power Plan (CPP), and the formation of intriguing grassroots coalitions, like the green tea party. All of these developments were, of course, set against the specter of a potential step-down of the Investment Tax Credit (ITC), and its surprising last-minute revival. The following is a breakdown of some of the major developments impacting renewables in 2015.

Read More

Topics: NY REV, Energy Policy, Energy Finance, Distributed Energy, YieldCo, Solar Energy, Renewable Energy, Wind, COP21, Renewable Energy 2015, Distributed Energy Resources, CPP, Green Tea Party, Net Metering, Net Energy Metering, NEM, DG, Energy Project Finance, Renewable 2015, Green Energy, Green Energy 2015, Solar Energy 2015, DER, Offshore Wind, Clean Power, clean power plan, Georgia Solar, 2015, energy, Wind Energy, Energy Project, Green 2015, California DRP

Managing Grid Security in a Distributed Energy Environment

Posted by Jeffrey Karp on 11/24/15 10:49 AM

Historically, utilities have shouldered the burden of mitigating the security risks inherent in energy generation, distribution and transmission. The utilities were, and continue to be, well-placed to do so as they benefit from historical knowledge, existing relationships with regulators and grid operators, large and highly-trained workforces and, perhaps most importantly, the ability to rate base. Although the nature of risks has evolved over the years, with terror threats and privacy concerns added to the list of conventional risks like weather events, traditional utilities have been up to the task with a few noteworthy exceptions.

However, the traditional model of energy generation and distribution is in midst of an evolution that, arguably, could be more impactful to the U.S. grid than deregulation has been. Even in competitive generation markets, retail interaction with customers has been handled almost exclusively by the utility as an energy aggregator with the ability to rate base. Places like New York are now serving as the test labs for alternate models as regulators there have been shifting their gazes toward distributed generation models where smaller, independent entities would drive power supply through resources co-located, or else located in proximity, with end users.

Read More

Topics: Utilities, NY REV, Power Generation, Microgrid, Energy Finance, Distributed Energy, Energy Management, Solar Energy, Renewable Energy

REV Conference Recap: Opportunities for Distributed Generation in New York

Posted by Jeffrey Karp on 10/21/15 11:38 AM

The Sullivan Energy Finance team recently hosted an event on New York’s Reforming the Energy Vision (REV) initiative. In particular, the panel participants, including former New York Public Service Commission Commissioner Bob Curry, Mike Pantelogianis of Investec, Sarah Carson Zemanick of Cornell University and Jay Worenklein of US Grid Company, focused on how deals will get done under the new framework.

Read More

Topics: Carbon Emissions, NY REV, Structured Transactions & Tax, Energy Efficiency, Power Generation, Energy Finance, Distributed Energy, Energy Management, Renewable Energy

Reforming the Energy Vision (REV) Round Table Discussion

Posted by Jeffrey Karp on 9/25/15 9:51 AM
Read More

Topics: NY REV, Energy Policy, Energy Finance, Legislation, Distributed Energy, Energy Management

Understanding New York's 'Vision' -- Feature in Public Utilities Fortnightly

Posted by Administrator on 8/25/15 1:02 PM

With some of the highest electricity prices in the United States, and mindful of the massive disruptions to its electric service caused by Hurricane Sandy, New York has undertaken a major reform of its electric utility industry. This reform begins with the New York Public Service Commission (NYPSC), which has recently issued a broad-scale initiative to change the way utility service is provided that may serve as an example nationwide. The reforms will radically alter the way electric utility services are provided and priced to customers.

Read More

Topics: Utilities, NY REV, Energy Policy, Microgrid, Energy Finance, Distributed Energy, Energy Management, Solar Energy, Renewable Energy

Managing the Rise of Distributed Energy - Emerging Utility Trends

Posted by Administrator on 8/19/15 11:39 AM
Read More

Topics: Utilities, NY REV, Energy Policy, Energy Efficiency, Energy Finance, Distributed Energy, Energy Management, Solar Energy, Renewable Energy

Nation’s Capital Explores Modernized Energy Distribution

Posted by Administrator on 8/11/15 12:34 PM

 

Read More

Topics: Utilities, NY REV, Energy Security, Energy Policy, Energy Efficiency, Microgrid, Distributed Energy, Solar Energy, Renewable Energy

Lessons from the Recent NY REV Conference

Posted by Jeffrey Karp on 8/7/15 10:14 AM

Several members of the Sullivan Energy Finance Team attended Infocast's recent NY REV Summit. Speakers ranged from utility and regulator representatives to CEOs of technology and service providers, all eager to discuss the latest in New York's ongoing Reforming the Energy Vision (REV) proceeding. Several key themes emerged during the two day event:

Read More

Topics: Utilities, NY REV, Energy Policy, Energy Finance, Distributed Energy

Sullivan

About the Blog


The Environment & Energy Insights blog analyzes developments in the law, as well as provides updates and perspectives on trends and polices.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

Subscribe to Blog

Recent Posts

Posts by Topic

see all