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Federal Energy Regulatory Commission

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Commissioner Honorable Statement
October 9, 2015
Docket No. EL15-64-000

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NYISO ICAP Mitigation

“In today’s order the Commission granted a renewable resources exemption to NYISO’s buyer-side mitigation rules. This exemption is an important step in accommodating New York’s public policy goals

“Striking the proper balance for buyer-side mitigation rules is critical. Capacity markets should accommodate appropriate public policy goals and protect consumers from purchasing excess capacity. Capacity markets should also deter the subsidization of new entry that could unduly depress capacity market prices. In advancing public policy goals today, the Commission correctly recognized that an exemption for intermittent renewable resources is appropriate here because these resources are unlikely to contribute to buyer-side market power.

“As markets and policies continue to mature, there will be a continued need to recognize competing interests among diverse stakeholders. States, including New York, and other stakeholders will need to collaborate and cooperate to develop strategies to comply with the Environmental Protection Agency’s Clean Power Plan. It is clear that New York will rely upon renewable resources, in part, to meet future Clean Power Plan emissions standards. Actions taken by the Commission today will support New York's efforts to invest in renewable resources while protecting consumers.

“Accordingly, I concur with today’s order.”