The NYPSC approved South Fork Wind project’s application to lay 7.5 miles of export cable from the federal waters boundary to a substation in East Hampton.

NYISO’s Management Committee approved proposed rule revisions that would allocate day-ahead market congestion rent shortfalls and surpluses.

NYISO power prices surged to an average of $99.55/MWh in January, up 89% from December and 148% from the same month a year ago.

Among other news reported at the NYISO Business Issues Committee, year-to-date monthly energy prices averaged $34.89/MWh in October, a 4% increase.