REV'ed and Ready

Deck: 

New York aims to Reform its Energy Vision. For technology companies, it’s a dream come true.

Fortnightly Magazine - May 2015
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For New York's electric utilities, there's no shortage of challenges:

  • The widespread devastation wreaked by Superstorm Sandy and other catastrophic weather events;
  • The aging infrastructure of the energy distribution system;
  • The significant capital expenditures needed to replace aging power facilities;
  • The ever-increasing demand for electricity from commercial and residential users;
  • The public outcry for cheaper and cleaner energy.

Against this backdrop, and in tune with the urging of Gov. Andrew Cuomo, the New York Public Service Commission ("PSC") in April 2014 coined a new phrase in the energy industry lexicon. It opened a new proceeding to be known as Reforming the Energy Vision ("REV") - an initiative beginning at square one and aimed at overhauling how electricity is produced, distributed, consumed, regulated, and priced in the Empire State.

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