New York Planning Third RPS Solicitation

The New York Department of Public Service published a press release yesterday regarding its status report to the NY Public Service Commission on the success of its Renewable Portfolio Standard Program; this report also noted that the DPS plans to issue a third solicitation for renewable generation later in 2007. The two previous solicitations issued since the RPS was adopted by the Commission in 2004 have resulted in contracts for approximately 3 million MWh of renewable energy from 26 projects, with a total capacity of more than 800 MW. The New York State Energy Research and Development Authority (NYSERDA), which administers the RPS Program, estimates that the total new renewable capacity associated with the RPS program could exceed 1,213 MW by the fall of 2008. The 2004 RPS Order required that 25% New York's electricity come from renewable generation sources by 2013; in 2004, 19.3% of electricity generated in New York came from renewable energy generation.