A New York law enacted by Gov. Kathy Hochul earlier this year to ban natural gas appliances and infrastructure in new buildings is facing a legal challenge by a coalition of businesses and labor unions. Hochul in May signed into law the All-Electric Building Act, included in the state’s fiscal 2024 budget. The law would…
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Iroquois Natural Gas Upgrades in New York, Connecticut Facing Delays as Permits Languish
Iroquois Gas Transmission LP’s natural gas compression upgrade project, designed to supply New York City with an additional 125 MMcf/d, may be delayed as it awaits required air permits from state agencies, according to Iroquois management. Iroquois in 2020 filed applications for two Air State Facility permits with the New York Department of Environmental Conservation…
New York Budget Proposal Bans Natural Gas Hookups in New Homes, Phases Out Peaker Plants
New York State is poised to ban natural gas hookups in construction of new residential buildings by the end of 2025 after Gov. Kathy Hochul (D) announced an agreement on the state’s 2024 budget. “We’re going to be the first state of the nation to advance zero-emission new homes and buildings, beginning in 2025 for…
National Fuel Gas Co. Downgrades Earnings Guidance Following Natural Gas Price Drop
Citing weaker natural gas prices amid robust production, National Fuel Gas Co. said it revised lower its earnings outlook for 2023. The Williamsville, NY-based company now projects earnings per share of $5.35-$5.75, a decrease of $1.10 per share from the midpoint of its prior guidance range. CEO David Bauer said in the company’s fiscal first…
New York Tailgates California’s EV Legislation, Mandates 100% Zero-Emission Sales by 2035
New York, following the green trail of California, last month adopted several measures to speed up the state’s adoption of electric vehicles (EV) and zero-emissions vehicles (ZEV). Gov. Kathy Hochul (D) urged the state’s Department of Environmental Conservation (DEC) to issue regulations that would require all new passenger cars and trucks sold in the state…
RWE Doubles U.S. Renewables Footprint in $6.8B Blockbuster Deal with Con Edison
New York’s largest utility, Consolidated Edison Inc., plans to sell its clean energy businesses to the U.S. arm of German conglomerate RWE AG for $6.8 billion. ConEd, as it is better known, agreed to sell ConEd Clean Energy Business Inc. (CEB), and three related business units to RWE Renewables Americas LLC. The transaction is expected…
National Grid Launches Plan to Replace Fossil Fuel Gas Network with RNG, Hydrogen
National Grid plc is working to replace all fossil fuel in its New York and Massachusetts gas networks with renewable natural gas (RNG) and hydrogen as a part of its path to net-zero emissions by 2050, the company announced. The London-based gas and electric utility announced the plans as a part of its overall blueprint…
New York Denies Permits for Two Natural Gas Power Plants, Citing Incompatibility with Climate Goals
New York environmental regulators last week announced they had denied required air permits for two proposed natural gas-fired power plants as the projects did not align with the state’s environmental goals. Department of Environmental Conservation (DEC) Commissioner Basil Seggos said the 437 MW Astoria Replacement Project and the 536 MW Danskammer Energy Center project do…
National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG
In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).
New York Governor Pushes to Permanently Ban Hydraulic Fracturing
Gov. Andrew Cuomo has included legislation in his budget proposal to permanently ban “high-volume” hydraulic fracturing in New York, five years after state regulators took action to stop unconventional natural gas development.