Government Energy Policy, Business and Technology

Laying the Bricks for New York's Path Forward: The Latest Development in New York’s REV Plan

The Energy COllective: Last Thursday, New York’s Public Service Commission (PSC) issued a landmark order that signaled that the State’s push to revolutionize its electric power sector is gaining steam. The order is part of an ambitious initiative known as “Reforming the Energy Vision” (REV), a regulatory proceeding that began in April 2014. The REV initiative is the Empire State’s response to a confluence of factors – including increasing competitiveness of renewable energy technologies, aging grid infrastructure, extreme weather events, and system reliability and resiliency needs – that are putting pressure on New York’s electricity system to change. The new order, “Order Adopting Regulatory Policy Framework and Implementation Plan”, is the first major order to emerge from the proceeding that lays out a path forward for implementation of the REV.

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