New York District Court Dismisses Lawsuit Challenging Zero Emissions Credit Program
26 July 2017 - 7:18AM
Business Wire
Ruling follows an Illinois District Court
decision striking down a similar lawsuit challenging the Zero
Emissions Credit program contained in Illinois’ Future Energy Jobs
Act
The U.S. District Court for the Southern District of New York
today dismissed a lawsuit challenging the Zero Emissions Credit
(ZEC) program contained in New York’s Clean Energy Standard. Exelon
Corporation (NYSE: EXC) issued the following statement on the
decision:
“The court’s decision to dismiss the lawsuit regarding the Zero
Emission Credit segment of New York’s Clean Energy Standard (CES)
is good news for New York’s climate efforts and citizens across the
state because it preserves the most cost-effective source of carbon
abatement available to consumers. The CES employs the same legal
policy mechanisms that states have been using for years to support
investment in other sources of clean energy, such as wind and
solar.
“We are confident that the court’s ruling will be respected by
state and federal regulators and other policymakers who support the
continued operation of the nation’s nuclear plants and the clean,
resilient and affordable energy they provide. As policymakers work
toward reforms that will ensure that electricity markets properly
value carbon, these programs serve as an important bridge to a
fully market-based solution.”
The decision marks the second time this month that courts have
upheld ZEC programs that support state efforts to advance clean
energy and preserve affordable and reliable energy resources for
customers. The U.S. District Court for the Northern District of
Illinois on July 13 dismissed a lawsuit challenging the ZEC program
contained in Illinois’ Future Energy Jobs Act (FEJA), which was
signed into law in December. Similar to the New York program, the
Illinois ZEC program aims to preserve Illinois’ nuclear facilities,
which are the state’s largest and most cost-effective source of
emissions-free energy.
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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Exelon Corporate CommunicationsRobin
Levy202-637-0317robin.levy@exeloncorp.com
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