New York’s governor is proposing to streamline the transmission permitting process, which she calls a chokepoint that is slowing progress of the state’s clean energy transition.

Eversource will take a fourth-quarter 2023 impairment of up to $1.6 billion due to the ongoing struggles of its offshore wind joint ventures with Ørsted.

The groups charged with leading New York’s energy transition enter 2024 trying to build on momentum from in 2023 while recovering from its disappointments.

Washington’s one-year-old cap-and-invest program will be one of the dominant issues during the state’s 2024 legislative session, which begins Jan. 8.

Contracts for renewable energy projects totaling more than 8 GW of capacity in New York have been canceled as developers scramble to get out of unprofitable deals and rebid at higher cost.