Rich Dewey, pictured, is president and CEO of the New York State Independent System Operator. The ISO recently issued its Power Trends 2026 report, renewing the ISO’s call for an “all-of-the-above” investment in new power generation to help improve reliability margins for the state power grid.
The state Independent System Operator is continuing to call for an “all-of-the-above” investment in new power generation in New York state in its Power Trends 2026 report.
The report, which examines the forces shaping the electric grid and electricity markets, comes less than two weeks after the state Legislature voted to delay deadlines for the state’s transition to an all-electric power grid amid rising electric rates statewide and concerns the state couldn’t meet its electrification timelines.
Several deadlines and benchmarks included in the 2019 CLCPA are being pushed back, including a 2024 deadline for regulations from the Department of Environmental Conservation that were the subject of a lawsuit by environmental groups. Those 2024 regulations are now due by Dec. 31, 2028, with the extension essentially ending the lawsuit. The budget bill also pushes back the 2030 goal of reducing greenhouse gases by 40% from 1990 levels to a new 2040 goal of a 60% reduction in greenhouse gas emissions that includes the language “to the maximum extent feasible and cost effective. A 2050 deadline to reach an 85% reduction in greenhouse gas emissions is left in place.
