ALBANY, New York — The New York State Energy Research and Development Authority and the backers of a transmission project to bring clean energy into New York City have agreed to cancel the line’s contract.
Clean Path, touted by Democratic Gov. Kathy Hochul as a signature part of her environmental record, would have helped clean up New York City’s grid and made it easier for building owners to meet the city’s stringent emissions standards.
The developers priced out the project and agreed on a deal with NYSERDA before increased inflation and rising costs for key components. Clean Path then sought higher ratepayer subsidies from the state but was rebuffed. Now, the contract has been canceled, NYSERDA spokesperson Claudette Thornton told POLITICO.
“NYSERDA and Clean Path NY have mutually agreed to terminate the project’s [agreement],” Thornton said in a statement. “NYSERDA remains committed to engaging with our partners in catalyzing work that advances our State’s Climate Act goals.”
