New York

IEEFA Research

Opportunity Knocks With Closing of Coal-Fired Power Plant in Upstate New York

Opportunity Knocks With Closing of Coal-Fired Power Plant in Upstate New York

Potential Makeover of Tonawanda's Economy May Serve as a National Model

When we published our report about the fading financial viability of the aging Huntley Generation Station in early 2014, the facts showed the facility was all but destined to close. It had marginal usefulness for the region it was built to serve, and the financial drain it placed on NRG, the owner, would be borne […]

September 3, 2015 Read More →
Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected

Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected

Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected 

August 23, 2015 Read More →
Report: FirstEnergy Seeks a Subsidized Turnaround

Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

October 6, 2014 Read More →
Report- Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership

Report- Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership

Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership (pdf)      

January 28, 2014 Read More →

More News and Commentary

Con Ed, Johnson Controls launch storage JV

Renewables Now: Consolidated Edison Inc., or Con Edison, announced today that its clean energy arm will create an energy storage joint venture with Johnson Controls International Plc. The purpose of this move is to expand the market for the technology developed over the past several years by Johnson Controls, the announcement says. Consolidated Edison Solutions […]

October 1, 2018 Read More →

New York City doubles renewable energy investment

Associated Press: New York City plans to double the share of its pension fund invested in renewable energy, energy efficiency and other industries that aim to combat global warming. Mayor Bill de Blasio and city Comptroller Scott Stringer announced the new goal Thursday. Now, about $2 billion of the city’s $195 billion in pension funds […]

September 14, 2018 Read More →

New York’s ambitious offshore wind plans can benefit from advances in Europe

Greentech Media: New York state will look to the world leader in offshore wind deployment for advice on how to connect sea-based projects to mainland grids. European nations have together installed nearly 16,000 megawatts of offshore wind capacity. The United States has thus far managed just one 30-megawatt project, the Block Island Wind Farm, off Rhode Island. […]

August 31, 2018 Read More →

Long Island gets first battery storage unit

Newsday: Talk about a Hamptons power trip. Starting this month, the South Fork becomes home to Long Island’s first and largest utility-scale battery storage unit as part of an effort by PSEG Long Island and LIPA to boost power to the energy-starved Hamptons—from the Shinnecock Canal to Montauk Point. PSEG and the battery’s owners at […]

August 20, 2018 Read More →

New York plans 800-MW offshore wind auction by year’s end

Offshore Wind Journal: New York Governor Andrew Cuomo said the state will hold its first offshore wind auction–for 800 MW–by the end of 2018. The New York State Energy Research & Development Authority (NYSERDA) will procure approximately 800 MW of offshore wind through a solicitation issued in Q4 2018, in consultation with the New York […]

July 13, 2018 Read More →

Cayuga coal plant in New York plans natural gas conversion

The Lansing Star: Cayuga Operating Company announced today that they have submitted applications to allow them to close a 155 megawatt coal-fired burner in order to repower it with natural, and that plans are still in motion to construct an 18 megawatt, 75 acre solar farm on its 434-acre site in northwest Lansing, making it […]

June 22, 2018 Read More →

New York offers $350 million to speed energy storage installations

Renewables Now: New York governor Andrew M Cuomo on Thursday unveiled a roadmap with a set of recommendations aimed at facilitating the state in reaching its goal of deploying 1,500 MW of energy storage by 2025. The comprehensive plan is part of the measures addressed towards fighting climate change, improving power grid resilience and enhancing the […]

June 22, 2018 Read More →
IEEFA update: Fund managers who acquiesce to ExxonMobil’s climate-risk denial do their investors a disservice
and

IEEFA update: Fund managers who acquiesce to ExxonMobil’s climate-risk denial do their investors a disservice

New York state comptroller Thomas P. DiNapoli drops the ball

It was a failure of epic proportions when, after demanding but not getting action last year, most shareholders voted to re-elect ExxonMobil’s board of directors on May 30, abdicating their duty to hold the company to account. Sixty-two percent of shareholders in 2017 supported a resolution calling for ExxonMobil to improve its climate risk disclosures. […]

Community Solar Will Be a Boon For Long Island, Developer Says

Long Island Business News: A few months ago, the Sisters of St. Joseph in Brentwood plugged into the sun with a little help from a new solar program. EmPower Solar, in Island Park, built a 1 megawatt solar power plant owned by NextEra Energy Sources on their 212-acre campus. Through the Long Island Power Authority […]

May 15, 2018 Read More →

New Guidelines Expected to Spur NYC Storage Efforts

Utility Dive: If you can make it there, you can make it anywhere. At least that is what the song says about New York City. And it stands for energy storage. New York City has some of the most stringent rules in the country for permitting energy storage projects, as well as an ambitious storage […]

May 9, 2018 Read More →