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CHPE's Entry Splits Summer 2026 Into Two Capacity Periods This week, the NYISO presented its Summer 2026 Capacity Assessment. The headline numbers warrant attention. Start-of-summer margins are the narrowest in at least a decade, with 417 MW of baseline margin, a deficit of 1,679 MW under 90/10 conditions, and a deficit of 3,370 MW under 99/1 conditions. Zone J carries negative margins across every scenario, including with SCRs. The assumptions underlying the assessment were

On April 29, the New York Independent System Operator (NYISO) released its annual Load and Capacity Data Report for 2026, more commonly known as the Gold Book. The 2026 Gold Book is the NYISO's most comprehensive snapshot of where New York's grid stands today and where it is projected to go, with forecasts looking out as far as the next thirty years. It compiles the latest load forecasts, the inventory of existing and proposed generation, the deactivation pipeline, large load

On April 15, 2026, the NYISO released two companion documents that together define the current state of New York's short-term reliability picture: the 2026 Q1 Short-Term Assessment of Reliability (STAR) and the Short-Term Reliability Process Report summarizing the evaluation and selection of solutions to address generator deactivation reliability needs identified in the 2025 Q3 STAR. Read together, these reports close out one chapter of the short-term reliability process wh

For the first time in recent memory, the NYISO has flagged a potential capacity deficiency in New York City heading into the Summer 2026 capability period. If you participate in the ICAP market, this is worth paying close attention to and acting on quickly. The NYISO identified CHPE (the Champlain Hudson Power Express, a 1,250 MW HVDC transmission project) as a "Triggering Resource" for the 2026-2027 Capability Year. Under the triggering resource rules, CHPE's participation

The New York Independent System Operator (NYISO) released its Q4 2025 Short-Term Assessment of Reliability (STAR) report on January 13, 2026, providing critical insights into the state's grid reliability outlook for the next five years. The STAR report is NYISO's quarterly evaluation of the bulk power system's ability to meet reliability standards while accounting for generator retirements, transmission upgrades, and evolving demand patterns. When gaps in reliability are iden

In a rapidly evolving energy landscape, success hinges on experience, agility, and foresight. Luminary Energy is proud to announce its significant growth and the continued evolution of its mission to support energy market participants across the Northeast and beyond. Founded by Michael DeSocio—a 23-year veteran of the New York Independent System Operator (NYISO)—Luminary Energy launched with a clear vision: to bring unparalleled market insight and strategic support to generat

I have been blessed in so many ways this year. I took a big step towards something that I had wanted to do for too long. I started my own business, Luminary Energy. I couldn’t have done it without the help and support of family, good friends, and many colleagues I trust and admire.

I recently left a full-time job to start something that I have been thinking about for over a decade. Why?