New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

New York ISO Files to Eliminate Export Charges with New England

The New York ISO (NYISO) filed a proposal yesterday with the Federal Energy Regulatory Commission (FERC) to eliminate the export charges on electricity transactions between the NYISO and ISO New England (ISONE). The NYISO anticipates - subject to FERC approval - that the elimination of the export charges will be implemented by the end of 2004.

The NYISO estimates that the total charges for exports from NYISO to ISONE have been averaging about $10 million annually, while the total charges for exports from ISONE to NYISO have been averaging about $12 million annually.

The elimination of the export charges will improve the economics of inter-ISO transactions and will be another step towards achieving the FERC's regional, competitive market goals previously set forth in its Order 2000 and subsequent Wholesale Power Market Platform issued April 28, 2003. Other areas previously identified for the NYISO to address with respect to the Wholesale Power Market Platform include greater inter-regional coordination and the transmission system planning process.

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