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

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 →

Brooklyn Eyed as Offshore Wind Development Hub

Brooklyn Daily Eagle: The nation’s leading [offshore] wind power developer plans to establish a major assembly hub in Brooklyn that would support construction of the largest offshore wind farm in the United States, proposed for 30 miles east of Montauk. That factory would generate more than $80 million in economic activity and create hundreds of […]

May 1, 2018 Read More →

Storage, Solar, Efficiency Get Big Boost in New York

Greentech Media: Governor Andrew Cuomo announced new energy efficiency standards for New York on Friday, calling for investor-owned utilities to achieve annual efficiency savings equal to 3 percent of sales by 2025. The new target would accelerate energy efficiency by more than 40 percent over current forecasts and reduce energy consumption by 185 trillion Btu. New […]

April 25, 2018 Read More →

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 →