State unveils energy plan

Gov. Andrew Cuomo announced he has received the Energy Highway Task Force”™s Blueprint, a plan that he said would add up to $5.7 billion in private investments and 3,200 megawatts of electric generation.

Plans include investing $1 billion for 1,000 megawatts of new electric transmission capacity and imitating $250 million in renewable energy projects.

“As we work to grow New York’s economy, we need reliable, affordable, and clean power to leverage significant private sector investments, to allow businesses to grow, and to create jobs,” Cuomo said in a press release. “The energy highway will ensure that businesses and residential consumers across New York State have access to the affordable power they need to plan for not just today, but also for the future.”

The Energy Highway initiative was put in place to ensure that New York’s energy grid is the most advanced in the nation and promotes increased business investment in the state.

The Energy Highway Task Force created the Blueprint after reviewing 130 responses provided by 85 entities including investor-owned utilities, private developers and investors in response to its Request for Information (RFI) issued in April.

Public comments submitted on the RFI responses were also considered in the development of the plan as were publicly available reports and analyses.

To view the Energy Highway Blueprint, visit NYEnergyHighway.com.