The New York PSC approved a 10-year, $5.3 billion Clean Energy Fund to accelerate the state’s switch to cleaner resources and fight climate change.

RTOs and ISOs will take part in 15 research and development projects awarded almost $38 million in funding by the Energy Department.

New York officials and others asked FERC to rehear an order that exempted renewable generation and self-supply resources from buyer-side mitigation rules.

Market participants in New York are concerned that their proprietary information might not be adequately protected as NYISO plans to bring the RTO’s reporting system for renewable energy generation into compliance with state law.

New York’s Green Bank has generated so much interest from clean energy and energy efficiency developers that it is asking to borrow from the private sector.

New York state is proposing to invest $1.5 billion in large-scale renewable energy development over the next decade under a revised procurement strategy to reduce costs.

FERC last week left intact most of its 2010 order meant to mitigate market power in the installed capacity market in New York City.