The Federal Energy Regulatory Commission (FERC) set in motion a new round of restructuring for the U.S. electric power industry when it issued its latest Notice of Proposed Rulemaking (NOPR).
New York Settles on Renewable Resource Plan Incentives
The New York Public Service Commission (PSC) has issued a settlement order on using renewable resources to meet the state's future electric needs. The order found that waste-to-energy facilities properly were included in the proceeding, and dismissed speculative rate-impact concerns raised by certain parties. However, the PSC did require that it be alerted immediately if the rate impact of settlement implementation exceeds one-third of one percent of New York's investor-owned utility revenues (that is, if the projected rate impact exceeds $50 to $60 million per year).
The PSC refused to adopt in advance specific guidelines to deal with possible unreasonable bid rejections, failure to pursue contemplated amounts of nonbid capacity, or the "vigorous" use of research and development funding to offset renewable project costs. As regards methane resources development, the PSC ruled that the purpose of the proceeding is to develop electrical resources from renewable and indigenous resources, not to supplement natural gas supplies. Case 92-E-0954, November 8, 1994.
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