New York State Public Service Commission Approves Revisions to Clean Energy Fund Investment Plan

Strategic Insights -

The New York State Public Service Commission has issued a regulatory document approving revisions to the Clean Energy Fund Investment Plan. The revisions, submitted by the New York State Energy Research and Development Authority (NYSERDA), aim to align the plan with the Commission's Order Approving Clean Energy Fund Modifications. The revised plan includes updated budget allocations for various focus areas, such as clean heating and cooling, codes and standards, and workforce development.

Key Takeaways:

  • The revised Clean Energy Fund Investment Plan includes updates to the Focus Area Budgets for various sectors, including clean heating and cooling, commercial/industrial/agriculture, and low-to-moderate income.
  • The plan reduces funding for single-family residential, multifamily residential, and workforce development focus areas.
  • The Market Development Portfolio Reserve was reduced by $3M, with a corresponding shift of $3M into the Market Development Reserve.
  • The revised plan aligns with the Commission's Order Approving Clean Energy Fund Modifications and the Staff's December 20, 2024, Approval Letter.
  • NYSERDA's filing, submitted on April 30, 2025, includes a supplement made on June 6, 2025, in Cases 14-M-0094 and Matter 16-00681.

Statistics:

  • The Clean Heating and Cooling Focus Area budget was reduced from $132.4M to $132.4M, a decrease of $14k.
  • The Codes and Standards, & Other Multisector Focus Area budget was reduced from $111.3M to $109.6M, a decrease of $1.7M.
  • The Commercial/Industrial/Agriculture Focus Area budget was increased from $564.4M to $570.9M, an increase of $6.5M.
  • The Low-to-Moderate Income Focus Area budget was increased from $815.8M to $822.4M, an increase of $6.7M.
  • The Market Development Portfolio Reserve was reduced by $3M, with a corresponding shift of $3M into the Market Development Reserve.

Sources:

  • Re: Case 14-M-0094 Proceeding on Motion of the Commission to Consider a Clean Energy Fund Matter 16-00681 - In the Matter of the Clean Energy Fund Investment Plan

+ Issued by: New York State Public Service Commission

+ Date: 06/11/2025

  • Order Approving Clean Energy Fund Modifications (CEF Modification Order)

+ Issued by: New York State Public Service Commission

+ Date: (No specific date provided)

  • CE:09 - NYSERDA Investment Plan Guidance (CE:09)

+ Issued by: New York State Energy Research and Development Authority

+ Date: (No specific date provided)

  • Evaluation, Measurement & Verification Guidance (CE:05)

+ Issued by: New York State Energy Research and Development Authority

+ Date: (No specific date provided)