HomeNews By TopicZero Emissions Credits (ZEC)
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July 17, 2018
The New York PSC has directed the New York State Energy Research and Development Authority (NYSERDA) to suspend 55% of AP Gas & Electric (NY), LLC's and 16% of AP Gas & Electric (TX), LLC's monthly Zero-Emission Credit (ZEC) compliance obligation payment for the April 1, 2018 through March 31, 2019…
June 18, 2018
The New York PSC issued a show cause order to Premier Empire Energy, LLC (Premier), directing Premier to show cause, "why its eligibility to act as an ESCO in New York State should not be revoked or, alternatively, why other consequences as set forth in the Commission’s Uniform Business Practices…
May 18, 2018
The New York PSC issued separate orders to show cause to two ESCOs (BluCo Energy and Aspirity Energy), alleging that each failed to file a required Retail Access Eligibility Form update.
April 30, 2018
Astral Energy, LLC petitioned the New York PSC for a reduction of ZEC (Zero Emissions Credits) Compliance Payments for the year ending March 31, 2019
March 13, 2018
Cites "Significant Strain" On Liquidity From Obligation Based On Old Load Data
AP Gas & Electric (NY), LLC, AP Gas & Electric (TX), LLC and AP Gas & Electric (NJ), LLC submitted to the New York PSC a request for the acceleration of an adjustment to their zero emissions credit obligation.
February 23, 2018
In response to a petition from Astral Energy, LLC, the New York PSC yesterday adopted an order reducing Astral Energy's ZEC compliance payments as set by NYSERDA due to a "substantial" reduction in Astral's load
February 23, 2018
In response to several petitions from ESCOs to change their Zero Emissions Credit obligation, which is currently based on historic load with a later true-up, Staff of the New York Department of Public Service said at the PSC's session yesterday that Staff will develop for PSC consideration a…
January 30, 2018
In a paper on policy options for developing 2.4 GW of offshore wind for New York, NYSERDA envisions imposing the funding obligation for offshore wind on New York LSEs, and specifically recommends a process similar to the ZEC mechanism for nuclear procurement obligations
January 26, 2018
As-filed text of the latest bill (S877) in New Jersey to provide certain subsidies to nuclear generation would still place the obligation to procure nuclear diversity certificates (NDCs -- the mechanism for the subsidy) on, "electric public utilities," for their distribution customers, and would not…
January 4, 2018
Lexington Power & Light, LLC petitioned the New York PSC for a reduction of its ZEC compliance payments
December 18, 2017
Text of a newly filed bill (S3560) in New Jersey to provide certain subsidies to nuclear generation would place the obligation to procure nuclear diversity certificates (NDCs -- the mechanism for the subsidy) on, "electric public utilities," for their distribution customers, and would not impose an…
October 3, 2017
Astral Energy, LLC petitioned the New York PSC for a reduction of its ZEC compliance payments as set by NYSERDA
July 26, 2017
Connecticut Governor Dannel P. Malloy signed an executive order directing the relevant state agencies to conduct a resource assessment to evaluate the current and projected economic viability for the continued operation of the Millstone nuclear generating facilities, "in order for the state to…
July 17, 2017
PSC Directs Staff To Review Process of Calculated LSE Loads For ZEC Compliance
The New York PSC issued an order directing NYSERDA, "to temporarily suspend, beginning with the August 2017 payment, 35% of Liberty’s [Liberty Power Holdings LLC] monthly ZEC [zero emissions credits] compliance obligation payments for the compliance period beginning April 1, 2017 and ending March 31…
April 3, 2017
The Impacted ESCO Coalition has asked that the New York State Public Service Commission delay the April 1, 2017 start date of the Zero Emission Credit (ZEC) compliance period by 120 days, citing ongoing litigation of the PSC's ZEC order.
February 23, 2017
In authorizing the state's electric utilities to recover costs associated with the various clean energy standards now imposed on LSEs, the New York PSC ruled that a single, constant charge shall be applied at each utility throughout the year, to minimize volatility.
February 23, 2017
While issues concerning the allocation of clean energy procurement obligations are pending before the New York PSC in a separate proceeding, the PSC said in adopting a clean energy standard implementation plan that any decision in such separate proceeding, "will not alter the requirements for the…
December 20, 2016
Liberty Power Holdings LLC ("Liberty") has sought clarification and/or rehearing on the New York PSC's Zero Emissions Credit (ZEC) order with respect to implementation of the calculation of ZEC obligations for individual LSEs, saying a "material" drop in Liberty Power Holdings LLC's load in New York…
December 8, 2016
Illinois Governor Bruce Rauner has signed SB2814, the Exelon nuclear subsidy bill, which also requires the Illinois Commerce Commission to consider imposing a new tax on retail electric and gas suppliers, in the form of an assessment to contribute to the state's Public Utility Fund (which helps fund…
December 6, 2016
The enrolled text of the Exelon nuclear subsidy bill has been posted, which confirms that, as expected, the enrolled version of the bill requires the Illinois Commerce Commission to consider imposing a new tax on retail electric and gas suppliers, in the form of an assessment to contribute to the…
November 9, 2016
Asked about the "ideal" outcome for FirstEnergy Solutions' generating assets, which the company announced last week are under a strategic review which could include asset sales, FirstEnergy Corp. CEO Chuck Jones told analysts at an EEI conference that, "The ideal outcome would be that Pennsylvania…
November 1, 2016
NYSERDA and NY PSC Staff submitted a Phase I implementation plan for New York's new Renewable Energy Standard (RES) obligation imposed on LSEs including ESCOs and the nuclear procurement obligation (ZECs), which among other things discusses compliance requirements and banking rules for ESCOs.
August 11, 2016
The Department of Public Service Staff, along with Staff of the New York State Energy Research and Development Authority (NYSERDA), will be holding an informational webcast on Tuesday, September 13, 2016 concerning the PSC's recently adopted clean energy standard (which includes a nuclear…
August 2, 2016
The New York PSC adopted an order requiring ESCOs and other LSEs to pay a compliance cost associated with administratively determined subsidies provided to allegedly at-risk "merchant" nuclear plants, and also instituted a new renewable energy standard with the compliance obligation imposed on ESCOs…
July 27, 2016
Noting a recent email to ESCOs from New York PSC Staff concerning the prohibition on the use of pass-throughs for costs not identified in an ESCO's disclosure statement, the National Energy Marketers Association said that there is, "significant risk," that ESCOs may not be able to recover new…
