New York

NYSRC
NYISO Studying How to Update IRM Calculation to Account for Offshore Wind
The New York State Reliability Council’s mathematical model for calculating the state’s installed reserve margin every year will need to be updated as more offshore wind and major transmission lines come online, NYISO told stakeholders. 
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NYISO Reveals Bids in NYC Offshore Transmission Solicitation
NYISO received four bids in response to its Public Policy Transmission Need solicitation to deliver up to 8 GW of offshore wind power to New York City.
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Moody’s: ‘Scars Remain’ as New York’s Economy Recovers
The economic forecasts for both New York state and the U.S. are reasonably healthy, stakeholders learned at NYISO’s annual Spring Economic Conference. 
D.C. Circuit Court of Appeals
DC Circuit Upholds NYISO 17-year Amortization Rule
The D.C. Circuit Court of Appeals has upheld FERC’s approval of a key NYISO capacity market price determinant that the state utility regulator says could raise costs by hundreds of millions of dollars per year. 
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NYPA Unveils Expanded Grid Simulation Lab
NYPA has expanded its AGILe Lab with extensive new digital twin capabilities, allowing it to model and test the impact of new technologies on the grid.
Iberdrola
Iberdrola to Take Full Ownership of Avangrid
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
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FERC Approves NYISO Request to Lower NYC Capacity Requirement
FERC granted NYISO’s waiver request to update its installed capacity requirement for New York City in the 2024/25 capability year, which began May 1. 
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Audit Faults NY Renewables Office on Speed of Reviews
The New York state office created to expedite permitting of large-scale renewable energy development should offer a better accounting of how long permitting takes, an audit concludes. 
NYISO
NY PSC Launches Grid of the Future Proceeding
New York has launched a process to maximize the use and effectiveness of flexible tools such as distributed energy resources and virtual power plants. 
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FERC Approves NYISO’s 10-kW Minimum for DERs in Aggregations
FERC approved NYISO’s proposed tariff revisions that set rules for distributed energy resources seeking to participate in its markets, including a 10-kW minimum for individual resources to be included in an aggregation.

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