The New York State Public Service Commission today voted to adopt a renewable energy policy designed to increase to at least 25 percent by 2013 the proportion of electricity sold to consumers in New York State that is generated from renewable resources.
To meet the 25 percent target, it is estimated that New York State will need to add approximately 3.7 gigawatts of alternative energy resource generation capacity.
According to Commission Chairman William M. Flynn, "The policy we are adopting today balances a wide range of interests. Not only will it help us meet our growing demand for electricity, but it also will provide additional benefits by increasing fuel diversity for our state's generation portfolio, reducing our exposure to fossil fuel price spikes and supply interruptions, increasing economic development activity from a growing renewable energy industry, and improving our environment. Our decision today is based on a detailed examination of the costs, benefits, and potential impacts on system reliability of implementing an efficient and forward-thinking renewable energy policy for New York State."
Press Release on Renewable Energy Policy from State of New York Public Service Commission
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