NYSERDA is proposing to revise its plans for spending $301.6 million of the projected $446.4 million proceeds from the sale of greenhouse gas allowances the RGGI program through the period ending March 31, 2012.

The proposed new spending plan is based on a more conservative estimate of future RGGI auction revenue than the original plan adopted in April 2009, which had assumed receipt of $607 million through March 31, 2012, of which $525 million was proposed to be spent on various programs.

According to the revised plan, after five quarterly RGGI auctions of greenhouse gas allowances, NYSERDA had received $181 million and was holding it as of December 31, 2009.

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