Four of New York’s utilities will collectively see their revenues reduced by $7 million for failing to meet reliability and customer service requirements.

The New York PSC modified its VDER compensation policy and authorized $43 million in state funding for solar and community distributed generation projects.

New York is fine-tuning its Clean Energy Standard (CES) and closing the books on the energy efficiency programs used since 2008.

Avangrid reported consolidated net income of $239 million ($0.77/share), compared with $212 million ($0.69/share) for the same period in 2016.

Avangrid released its first-ever earnings results, showing net income of $267 million for 2015.

Riesling Power LLC is asking state and federal regulators for expedited approval to buy two coal-fired power plants in western New York.

The owner of the Cayuga power plant near Ithaca last week filed its second revised proposal to repower the 312-MW facility from coal to natural gas.

New York utilities have filed 15 demonstration projects for consideration under the state’s Reforming the Energy Vision initiative.

Expanded retail-level demand response programs will take effect as soon as July 1 in targeted areas of upstate New York.

The overhaul of the electric industry in New York, Reforming the Energy Vision, will largely bar utility ownership of distributed energy resources.