In the News

Burcin Ünel, executive director of the Institute for Policy Integrity at New York University School of Law, says the new guidance “will help government agencies catch up to best practices in economics [and] guidance will help ensure that regulators do not ignore equity concerns, which have long been a blind spot in most rulemakings.

The change is consistent with voluminous academic research into discounting, and is “actually a conservative estimate,” said Peter Howard, economics director at the New York University School of Law’s Institute for Policy Integrity. A future administration could raise the discount rate again, but would “have to provide a rational justification” for doing so, Howard said.

Large parts of the eastern United States are at an elevated risk of electricity outages if extreme storms cripple power grids this winter, according to the U.S. grid monitor. The FERC/NERC report suggests an independent research group analyze whether more natural gas pipelines and gas storage facilities are needed to improve grid reliability and the gas heating system. A study about pipeline needs should account for the fact that other less-expensive infrastructure could be used instead, said Jennifer Danis, federal energy policy director at the Institute for Policy Integrity, a think tank at NYU School of Law.

Environmental justice organizations and local municipalities had an opportunity to learn about a new resource designed to help them identify, navigate, and pursue federal funding for environmental justice by attending a webinar on Monday. This webinar introduced attendees to the United States Environmental Protection Agency (EPA) Environmental Justice Thriving Communities Technical Assistance Center (TCTAC) for EPA Region 2, from Harlem to Newark. Among the speakers was Al Huang, Environmental Justice Director at the New York University School of Law Institute for Policy Integrity

Three agencies that are the backbone of U.S. banking regulation have developed joint guidance, released today, on how banks should manage the monetary risks of the climate crisis. Previously, EDF partnered with NYU School of Law’s Institute for Policy Integrity to submit joint comments to all three agencies – the FDIC, the Federal Reserve Board and the OCC. 

On October 11, 2023, the Federal Trade Commission (FTC) published a notice of proposed rulemaking (NPRM) for a sweeping prohibition of “hidden” and “misleading” fees across all industries. This “Rule on Unfair or Deceptive Fees” can be traced back to the FTC publishing a petition (86 FR 73207) for rulemaking from the Institute for Policy Integrity on “drip pricing” on December 27, 2021. The petition defined drip pricing as “the practice of advertising only a part of a product’s price upfront and revealing additional charges later as consumers go through the buying process.”

As the Supreme Court prepares to decide the fate of one of its most cited precedents, it will do so without a full slate of Justices. There’s a simple solution sitting in the current batch of petitions at the Court.

After stumbling twice at the Supreme Court, Republicans still want to make the case that the administration has its math wrong on climate change's financial toll. The justices "make it very clear that you can't challenge these valuations in the abstract," said Max Sarinsky, a senior attorney at the Institute for Policy Integrity. "You have to challenge them in their application."

In Utah v. Walsh, Judge Matthew Kacsmaryk crisply and correctly rejected the plaintiffs’ farfetched attempt to rely on the major questions doctrine. Hopefully other lower courts will follow suit and apply the major questions doctrine only as set forth in the Supreme Court’s opinions, not as poorly summarized by litigants looking for an easy victory. Doing so should have the result the Supreme Court intended of applying the doctrine only in “extraordinary cases,” not in every run-of-the-mill challenge to federal agency action.

Supporters of a conference on capacity accreditation approaches for grid resources include Southern California Edison, Advanced Energy United and the Colorado Public Utilities Commission chair.