Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 16, 2012 |
referred to energy |
Assembly Bill A9573
2011-2012 Legislative Session
Sponsored By
LATIMER
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2011-A9573 (ACTIVE) - Details
2011-A9573 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9573 I N A S S E M B L Y March 16, 2012 ___________ Introduced by M. of A. LATIMER -- read once and referred to the Commit- tee on Energy AN ACT to amend the public service law, in relation to prohibiting the ownership of an electric corporation by any foreign based person, corporation or entity THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of section 68 of the public service law is designated subdivision 1 and a new subdivision 2 is added to read as follows: 2. (A) THE COMMISSION SHALL NOT GRANT ITS PERMISSION OR APPROVAL, FOR THE GENERATION AND DISTRIBUTION OF ELECTRICITY TO RESIDENTIAL CUSTOMERS, TO ANY ELECTRIC CORPORATION THAT IS A FOREIGN BASED PERSON, CORPORATION OR ENTITY, OR THE MAJORITY OF WHICH IS OWNED BY FOREIGN BASED PERSONS, CORPORATIONS AND/OR ENTITIES. IN THE EVENT THAT AN ELECTRIC CORPORATION, HOLDING A FRANCHISE ISSUED PURSUANT TO THIS ARTICLE, BECOMES A FOREIGN BASED PERSON, CORPORATION OR ENTITY, OR BECOMES MAJORITY OWNED BY FOREIGN BASED PERSONS, CORPORATIONS AND/OR ENTITIES, SUCH FRANCHISE SHALL IMMEDIATELY BE REVOKED BY THE COMMISSIONER. (B) FOR THE PURPOSES OF THIS SUBDIVISION, "FOREIGN BASED PERSON, CORPORATION OR ENTITY" SHALL MEAN: (1) ANY NATURAL PERSON WHO IS NOT A CITIZEN OF THE UNITED STATES; OR (2) ANY CORPORATION OR ENTITY THAT: (I) IS NOT HEADQUARTERED IN THE UNITED STATES, (II) IS NOT CHARTERED BY THE UNITED STATES OR BY ANY STATE IN THE UNITED STATES, OR (III) HAS MORE THAN FIFTY PERCENT OF ITS OWNERSHIP INTERESTS OWNED OR HELD BY: (A) A PERSON OR PERSONS WHO ARE NOT CITIZENS OF THE UNITED STATES, OR (B) CORPORATIONS AND/OR ENTITIES THAT ARE: (I) NOT HEADQUARTERED IN THE UNITED STATES, OR (II) NOT CHARTERED BY THE UNITED STATES OR ANY STATE IN THE UNITED STATES. S 2. This act shall take effect on the ninetieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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