The Importance of Renewable Energy

Renewable energy has become an increasingly important issue for the nation’s businesses. With the world’s oil supplies being depleted at an alarming rate, alternatives are not easy to find. Dependency on foreign oil has dangerous political and economic implications. Nuclear power plants are aging. Natural gas is in limited supply and the Northeast is limited by the pipeline capacity to serve all natural gas end users. And coal is widely regarded as a dirty fuel.

Among all ratepayer groups, we have identified a growing demand for renewable resources. Further, Congress has recently enacted a robust set of tax incentives to foster development of renewable energy. Consequently, renewable energy makes up an important component of New York Energy’s product mix.

We are actively developing wind power throughout the Northeast, and we will market and sell renewable power.