In buckling under pressure and threats from Governor Andrew Cuomo, National Grid has firmed up a troubling new normal of regulatory policy in New York State. Read More
Latest Work
Governor Andrew Cuomo’s regulatory attack on National Grid’s Long Island gas moratorium threatens to have broader negative financial effects on all of the state’s investor-owned utilities—with implications for the overall business climate as well. Read More
New York’s ongoing experiment in state-run venture capital investment appears—not for the first time—to have been ripped off. Read More
Why are contract negotiations between public officials and public employee unions routinely conducted behind closed doors? One of New York’s largest public-sector unions has spilled the beans: it’s better for them. Read More
Governor Andrew Cuomo is threatening to yank the license of a major downstate natural gas supplier—because he doesn’t like how the company responded to his refusal to permit a new supply pipeline. Read More
A bill awaiting Governor Andrew Cuomo’s signature—passed by the Legislature based on a misleading sponsors’ memorandum—could lead to higher bus fares in upstate New York’s four largest metro areas by giving labor unions a new edge in negotiations with regional transit systems. Read More
Governor Andrew Cuomo’s energy agency issued a stern correction to an October 24 blog post in this space that said subsidies for offshore wind developers could cost ratepayers more than $6 billion. NYSERDA, the state Energy Research and Development Authority, said my calculations (which were based on NYSERDA’s own data) were “incorrect and misleading.” So I went back and double-checked. In one respect, I did make a mistake, explained below—but not in reaching the $6 billion estimate. In fact, the final price tag could climb even higher. Read More
The long-term cost of subsidies for New York’s new offshore wind turbine projects could exceed $6 billion—or three times the amount acknowledged by Governor Andrew Cuomo’s energy agency. Read More