FOR IMMEDIATE RELEASE
[July 28, 2015, Washington, D.C.]
“We welcome the release of this straw proposal, which is the next step in making the new energy vision in New York a reality,” said Lisa Frantzis, Senior Vice President of Advanced Energy Economy, a national business association, which has been an active participant in the Reforming the Energy Vision (REV) regulatory proceeding before the New York Public Service Commission. “The straw proposal will focus discussion and comment on key elements necessary for implementation of REV, such as new revenue models for utilities, outcome-based incentives and metrics, and new rate designs that encourage the growth of distributed energy resources. We look forward to continued engagement with all stakeholders to advance Governor Cuomo’s ground-breaking initiative to build a clean, resilient, affordable and customer-focused electric power system.”
In a regulatory proceeding entitled “Reforming the Energy Vision” (REV), begun in the spring of 2014, the New York Public Service Commission seeks to redefine the roles of electric utilities and change the regulatory framework to facilitate much larger use of distributed energy resources (DER) – energy efficiency, demand response, energy storage, and distributed generation like rooftop solar and on-site wind turbines – to meet both system and customer needs, while still maintaining the core principles of utility regulation in providing safe, reliable, universal service at just and reasonable rates. On February 26, 2015, the Commission released its first major order in the REV proceeding. The so-called Track One order lays out the basic policy framework for REV and its implementation and sets a timeline for the next phases of the proceeding. The order addresses foundational issues such as the role of the utility as “Distributed System Platform” provider, and the role of the utility in DER ownership and energy efficiency programs. Today’s release of the “Straw Proposal” in the next stage of the proceeding – Track Two – presents a framework to focus discussion and comment on implementation. Learn more about the NY REV proceeding here and its far-reaching impact here.
About Advanced Energy Economy
Advanced Energy Economy is a national association of businesses and business leaders who are making the global energy system more secure, clean and affordable. Advanced energy encompasses a broad range of products and services that constitute the best available technologies for meeting energy needs today and tomorrow. AEE’s mission is to transform public policy to enable rapid growth of advanced energy businesses. AEE and its State Partner organizations are active in 25 states across the country, representing roughly 1,000 organizations in the advanced energy industry. Visit Advanced Energy Economy online at: www.aee.net.
Monique Hanis, email@example.com, 202-391-0884
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