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ALBANY, N.Y. (NEXSTAR) — New York’s electric power system faces possible shortfalls in supply starting next summer in New York City and on Long Island because of rising consumer demand and power plant retirements outpacing new construction. The New York Independent System Operator outlined the risks, cautioning about the grid’s significant inflection point.
Zach Smith—the Senior Vice President of System and Resource Planning at NYISO, the organization that manages and plans the state’s electric grid and market—said the system needs “several thousand megawatts of new dispatchable generation.” The organization issued its short-term assessment of reliability for the third quarter of 2025 and a draft of the 2025 to 2034 comprehensive reliability plan. These reports preview the next five and 10 years, respectively…