New York and federal energy regulators will study the state’s troubled capacity market at a technical conference in Manhattan Wednesday.

It will be the first-ever joint technical conference for the New York Public Service Commission and the Federal Energy Regulatory Commission. It was scheduled after a contentious few months in which FERC approved a capacity zone north of New York City that has led to higher electric rates and a court challenge from the PSC.

The conference will be held from 9 a.m. to 4 p.m. at the New York Institute of Technology Auditorium, located at 1871 Broadway, between 61st and 62nd Streets. The conference will be webcast and transcribed.

FERC approved the capacity zone, which was proposed by NYISO, as a way to attract new generation to the area.

The conference will include sessions to discuss recent capacity market performance and ways to attract investment in resources and infrastructure. Among the speakers will be representatives from the state’s independent power producers, utilities and retailers.

“I look forward to this timely discussion of how the NYISO capacity markets work to ensure reliability and just and reasonable rates, and also to hearing about New York’s REV program,” FERC Chairman Cheryl LaFleur said. “It is critical to ensure that centralized capacity and energy markets send correct signals to support the procurement and retention of resources needed to deliver reliable energy.”