In response to stakeholder criticism, NYISO updated its draft Reliability Needs Assessment to include an executive summary and appendices, and extended the comment period on the report.

NYISO released the first draft of its 2024 Reliability Needs Assessment showing a capacity deficiency in New York City beginning in 2033 and proposing to declare a reliability need for its zone.

NYISO proposed to increase the Rate Schedule 1 carryover to $5 million, while the Installed Capacity Working Group discussed different ways to incentivize transmission security via the markets.

NYISO made significant updates to its assumptions as part of its final Reliability Needs Assessment, which now shows no concern of a capacity deficiency and a loss-of-load expectation of less than 0.1 in 2034.

NYISO’s Market Monitoring Unit, Potomac Economics, presented recommendations for addressing what it calls inefficient market outcomes caused by setting locational capacity requirements based on the transmission security limit.

NYISO’s Operating Committee approved the system upgrade facilities and system deliverability upgrade studies for Class Year 2023.

Industry players, regulators, and elected officials generally were positive about the direction of New York’s energy future despite recent reporting the state would fall short of its 2030 climate goals.

NYISO presented its final interim staff recommendations for the demand curve reset for 2025-2029 at the Installed Capacity Working Group’s meeting, with minor updates to some metrics.

The NYISO Operating Committee approved revisions to the 2024-01 Expedited Delivery Study, finding that all nine proposed projects are deliverable at their requested capacity resource interconnection service levels.

NYISO presented its $204 million draft budget for 2025 to the Budget and Priorities Working Group, with an administrative rate of $1.319/MWh based on a 154,700-GWh transmission throughput.