PSC DETERMINES THAT BOUNDLESS SHOULD BE CONSIDERED BY NYISO

PSC: Process Remains Open for Consideration

Hudson Valley, NY– The New York State Public Service Commission (PSC) issued an order today responding to a petition submitted by Boundless Energy NE, LLC for a rehearing on its proposal to upgrade New York’s energy highway in the Hudson Valley. The PSC denied Boundless’ petition for a rehearing, based in part on its finding that the Boundless proposal should still be considered by the NYISO.

The PSC Order of February 23, 2016 read in part:

The December 17, 2015 Order did not dictate to the NYISO specific projects that meet the requirement identified by the Commission. To the contrary, the Order recognizes that transmission, generation and demand-side solutions can be proposed by any entity to the NYISO in response to the solicitation.

“We are disappointed that today’s order by the PSC failed to address the substantive arguments made in our petition, and we continue to consider all options at our disposal to appeal this arbitrary and flawed process.

“We are encouraged, however, by the PSC’s very strong stand that the process remains open and that all proposals should be given full consideration by the NYISO. Based on these findings, we anticipate that the NYISO will accept the Boundless Leeds Path West solution and fairly evaluate our proposal along with competing projects.

“The Boundless Leeds Path West project is the most efficient and cost effective solution for delivering needed energy capacity while limiting impact on Hudson Valley residents and the environment. We remain confident that an unbiased review of all proposals by any objective standard will demonstrate that the Leeds Path West project is the best option for Hudson Valley residents, the environment, and New York energy consumers.” – Rod Lenfest, President, Boundless Energy