New York regulators issue 50% by 2030 renewable energy mandate

The New York Public Service Commission has approved the state's previously announced Clean Energy Standard, which requires that utilities procure 50% of their electricity from renewable energy sources by 2030. Under this standard, New York is tied with California for the third-most aggressive renewable energy mandate in the United States, after Hawaii (100% by 2045) and Vermont (75% by 2032). While few details of the policy were available at press time, a statement by the administration of New York Governor Andrew Cuomo describes a policy which looks substantively the same as earlier drafts. This includes a bailout for uncompetitive, aging nuclear power plants through the ...

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