NY PSC Recognizes Gas Industry Shakeout March 23 2020

In its March 19th meeting, the Public Service Commission initiated a proceeding that recognizes the profound changes ahead for the gas industry in light of climate change. From a press release on the Commission meeting:

Gas Planning: Recent developments have challenged conventional approaches to gas system planning. These developments include instances of supply/demand imbalance, the emergence of viable, less traditional and increasingly cleaner alternative solutions for demand and supply, uncertainty associated with major gas infrastructure decisions, and the CLCPA's establishment of state policy directions. This proceeding calls for a comprehensive proposal to modernize gas planning processes suited to forward-looking system and policy needs, designed to minimize total lifetime costs, and inclusive of stakeholders.
Read the Press Release here and the Commission Order here.

See the PACE Energy & Climate Center initial summary here.