NYISO Rolls Back Proposal for Electric Capacity Zone Rates

The New York Independent System Operation (NYISO) will revise its proposal for an electric capacity zone in the Hudson Valley to reduce the proposed rate increase.  The announcement came after US Senator Charles Schumer pushed to have the zone plan dropped.

Under the new proposal submitted to the Federal Energy Regulatory Commission, the rate increase would be cut from 10 percent to four percent this year, with no rate increases in the two following years.

A decision by FERC on the new proposal is expected on Thursday. Schumer is urging FERC to reject the zone altogether. (Mid Hudson News, 4/30/2014)