The New York State Public Service Commission (PSC) has granted approval for Con Edison [ED:US]’s USD1.2bn Idlewild project, a significant initiative in the state’s efforts to reduce greenhouse gas emissions to 85% of 1990 levels by 2050, as reported by Reuters on January 18. The project, located in Queens, is crucial for maintaining the reliability of Con Edison’s electrical system. It serves as points of interconnection for energy storage and future clean energy projects, addressing potential reliability concerns arising from load growth. The PSC emphasized that the clean city project aligns with the goal of transitioning to a clean-energy economy while ensuring the overall reliability of the electric grid. Commission Chair Rory M. Christian highlighted the decision as an investment in infrastructure that supports this transition.

The Idlewild project not only contributes to environmental goals but also plays a key role in Con Edison’s commitment to reliable energy services. It is positioned to facilitate the integration of clean energy technologies and address future challenges related to increasing energy demand. The approval from the PSC underscores the significance of such infrastructure investments in advancing the clean-energy agenda and ensuring the stability of the electric grid in the face of evolving energy needs.

Fuentes:

https://www.reuters.com/business/energy/new-york-regulator-approves-con-edisons-12-bln-clean-city-project-2024-01-18/