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

As Wind and Solar Prices Drop, Some States Push to Expand Renewable Energy Mandates

Utility Dive: In the beginning, renewable portfolio standards drove the renewable energy market. While its role has diminished somewhat as wind and solar, especially, have become cost-competitive, a handful of states are still expanding these mandates for more ambitious targets. The proposed mandates themselves fit squarely within a trend of states expanding these standards. California, […]

March 14, 2018 Read More →

East Coast of U.S. Emerging Into a Hotbed for Offshore Wind

Scientific American/E&E news: Atlantic coast states might be protesting President Trump’s plan to expand offshore oil drilling, but they’re increasingly embracing a different kind of seaborne energy: wind. States bordering the outer continental shelf are looking for carbon-free electricity, even as the Trump administration rolls back rules requiring it. Last week, New Jersey Gov. Phil […]

February 6, 2018 Read More →

New York State Sees 5,000 Wind-Energy Jobs by 2028

Newsday: New York State on Monday is to release an exhaustive master plan for offshore wind energy that foresees up to 5,000 people employed in and around a $6 billion industry by 2028, with annual health benefits from reduced emissions valued at up to $400 million. The Cuomo administration plan also makes clear that while […]

January 29, 2018 Read More →

NYC Pension Funds To Divest Fossil Investments

AP: New York City officials are citing climate change as their motivation to join a growing number of investors ridding themselves of financial interest in fossil fuels. Democratic Mayor Bill de Blasio and Comptroller Scott Stringer are set to announce plans on Wednesday to divest the city’s five pension funds of roughly $5 billion in […]

January 10, 2018 Read More →

IEEFA Op-Ed: Cuomo Is Right on Fossil Fuel Divestment

Oil Stocks are Not the Reliable Performers They Used to Be; Divestment Would Improve Pension Fund Portfolios

Gov. Andrew Cuomo has taken a big, bold step in the fight against global warming, calling for the state pension fund to divest from oil and gas stocks. It’s also a fiscally prudent step, protecting both the state pension fund and the state budget. Retirees needing financial security, young people facing a chaotic climate, and […]

January 4, 2018 Read More →

Gov. Cuomo Calls For Coal Phase-Out In New York

Utility Dive: New York made waves yesterday when it unveiled a slate of clean energy proposals that sets the highest energy storage mandate in the country. Cuomo wants to commit at least $200 million from the NY Green Bank for storage investments that will help integrate renewable energy.  The plan is to roll out 1,500 […]

January 4, 2018 Read More →

On the Blogs: Transition Progress in Buffalo

Midwest Energy News: I work with PUSH Buffalo, in the heart of one of the poorest big cities in the country, right up there with cities like Cleveland and Detroit, where factory jobs have waned and new jobs have not arisen to take their place. Our efforts center on a 25-square-block area we call the […]

November 10, 2017 Read More →

Op-Ed: New York Town Finds Life After Coal

Buffalo News: When NRG Energy announced the retirement of the Huntley Power Generating Station on River Road, the Ken-Ton School District and the town and county municipalities were facing a total loss of $6 million in PILOT revenues. This loss would eliminate jobs at the plant as well as services and programs offered by the […]

October 17, 2017 Read More →

As Trump Moves to Reverse Emissions Policies, States Step In to Advance Them

Yale 360: Just hours after President Trump’s Rose Garden speech in June announcing plans to withdraw from the 2015 Paris climate agreement, the governors of three states — California, Washington, and New York — announced their remedy. They formed the U.S. Climate Alliance, and called on other states to join them in continuing to push […]

October 10, 2017 Read More →

New York State Pushes for Offshore Wind Development

Associated Press: New York officials are seeking to expand offshore wind generation in the Atlantic Ocean. The state has proposed four new sites for wind energy projects to the federal Bureau of Ocean Energy Management. Officials say they are asking federal regulators to expedite the process. Democratic Gov. Andrew Cuomo has set a goal of […]

October 4, 2017 Read More →