In a precedent-setting decision, the New York State Public Service Commission unanimously approved a settlement on Feb. 20, 2014, requiring Con Edison to implement state-of-the-art measures to plan for and protect its electric, gas, and steam systems from the effects of climate change. Although issued in the context of Con Edison’s rate case, the commission’s order issued on Feb. 21, 2014, explicitly broadened the sweep of its order to address resiliency measures for all utilities in New York State.1
The process leading up to last week’s order, and the work to continue this year, establishes New York State as a leader in climate change adaptation planning for utilities. Notably, the PSC decision ordered the continuation of the Storm Hardening and Resiliency Collaborative, which was created by the rate case parties to develop innovative resiliency measures and to address how storm hardening funds should be invested. The collaborative took place simultaneously with the rate case proceeding, and will continue through at least the end of 2014.
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