The New York Independent System Operator (NYISO) acts as both the state’s energy stock exchange and energy air traffic controller. The NYISO runs the state’s wholesale energy market and it manages the electric grid, meaning it’s responsible for power supply and demand for the entire state. So when it issues a warning, people take note.
This week, NYISO released two separate reports — one indicating that there may be “significant reliability shortfalls within the next ten years.”
The second report found that within the next five years, there may be reliability issues in New York City, Long Island and the Hudson Valley as a result of increased demand and transmission limitations.
Rich Dewey, president and CEO of the NYISO, spoke with Capital Tonight host Susan Arbetter about the issues.
