New York Regulators Consider Allowing Utilities to Own Renewable Power Generation
New York state regulators are currently evaluating proposals that would permit utilities to own and operate their own power generation facilities, specifically wind and solar farms. This marks a potential reversal of a 1990s policy that mandated utilities divest their power plants to foster competition. Utilities, including Con Edison, National Grid, and Avangrid-owned Rochester Gas and Electric and New York State Electric and Gas, argue that independent power companies have not adequately met the state's clean energy targets due to financial and supply chain challenges. They contend that utility ownership would enhance oversight, address growing energy demands, and promote more renewable energy at potentially lower and fairer prices for consumers. The Public Service Commission is reviewing these arguments as it seeks ways to boost clean and renewable energy generation in New York. 
