IPPNY Statement on the Adopted New York State Energy Plan
Albany, NY – The Independent Power Producers of New York (IPPNY) supports today’s adoption of the State Energy Plan and a more pragmatic approach towards New York’s energy future. The Plan importantly notes that, to achieve the State’s ambitious climate goals, it will take an “all-of-the-above” approach to safeguard energy affordability and reliability.
IPPNY President and CEO Gavin J. Donohue said: “It is paramount that ALL possible solutions be on the table as the State transitions to a cleaner energy future, and it is encouraging to see this approach within the State Energy Plan. This investment includes a mix of nuclear units, fossil fuels, and renewables, along with the need to develop additional zero emission sources. Strong statements of an ‘all-of-the-above’ strategy are important; however, it is even more critical to ensure that market signals and regulatory paradigms match that sentiment in attracting further investment. Making energy clean, affordable, and reliable should be the priority, but it may not come as quickly as the State would like due to the need for increased clarity and certainty on the State’s policies to carry out the Plan.”
“There is no shortage of private developers that want to invest in New York, but the State needs to realize that it is competing with other states and countries to attract investments in new technologies.” Donohue added. “Further, New York deserves credit for achieving emissions milestones over the last two and a half decades, such as making Upstate carbon free. Repowering the aging infrastructure Downstate will be a necessary step in the right direction to reducing carbon emissions, particularly in New York City and Disadvantaged Communities, and helping retain critical units that power the State. Today’s adopted Energy Plan provides a sensible initial stride towards our energy future, but more work must be done to implement it properly.”
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IPPNY is New York’s trade association dedicated to representing the largest fleet of clean energy generation in New York State and companies involved in: the competitive power supply industry; the development of electric generating facilities; the generation, sale, and marketing of electric power; and natural gas transmission facilities. IPPNY Member companies produce the majority of New York’s electricity, utilizing all sources, such as wind, solar, hydro, energy storage, natural gas, low sulfur oil, biomass, and nuclear. Furthermore, IPPNY’s Members have invested more than $10 billion in capital improvements at their facilities, have supported nearly 19,000 long-term jobs across the State, and pay approximately $1.5 billion in local property taxes annually.
