New York Utilities Can’t Own Renewable Energy Assets Under New Rule
New York’s Public Service Commission has issued new rules that establish a wall between existing utility companies and renewable generation sources. The rules are intended to promote the state’s ambitious drive to reform its electricity grid and encourage the growth of distributed, decentralized renewable energy resources.
Photo credit: Theophilus Photography / Foter / CC BY-NC-ND”The landmark steps New York state is taking today will reorient both the electric industry and the ratemaking process toward a consumer-centered approach that harnesses new technologies and markets,” said Audrey Zibelman, chairwoman of the PSC.
