senate Bill S3872A

Amended

Requires the development of a generation attribute tracking system by the New York state energy research and development authority

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 08 / Mar / 2011
    • REFERRED TO ENERGY AND TELECOMMUNICATIONS
  • 03 / May / 2011
    • AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS
  • 03 / May / 2011
    • PRINT NUMBER 3872A
  • 10 / May / 2011
    • REPORTED AND COMMITTED TO FINANCE
  • 10 / Jun / 2011
    • AMEND (T) AND RECOMMIT TO FINANCE
  • 10 / Jun / 2011
    • PRINT NUMBER 3872B
  • 13 / Jun / 2011
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 14 / Jun / 2011
    • ORDERED TO THIRD READING CAL.1220
  • 14 / Jun / 2011
    • PASSED SENATE
  • 14 / Jun / 2011
    • DELIVERED TO ASSEMBLY
  • 14 / Jun / 2011
    • REFERRED TO ENERGY
  • 04 / Jan / 2012
    • DIED IN ASSEMBLY
  • 04 / Jan / 2012
    • RETURNED TO SENATE
  • 04 / Jan / 2012
    • REFERRED TO ENERGY AND TELECOMMUNICATIONS
  • 25 / Jan / 2012
    • AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS
  • 25 / Jan / 2012
    • PRINT NUMBER 3872C
  • 27 / Mar / 2012
    • REPORTED AND COMMITTED TO FINANCE
  • 21 / Jun / 2012
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 21 / Jun / 2012
    • ORDERED TO THIRD READING CAL.1510
  • 21 / Jun / 2012
    • SUBSTITUTED BY A6114C

Summary

Requires the development of a generation attribute certification and tracking system by the New York State energy research and development authority; defines generation attribute certificate.

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Bill Details

See Assembly Version of this Bill:
A6114A
Versions:
S3872
S3872A
S3872B
S3872C
Legislative Cycle:
2011-2012
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1851 & 1854, Pub Auth L

Votes

10
0
10
Aye
0
Nay
2
aye with reservations
0
absent
0
excused
0
abstained
show Energy and Telecommunications committee vote details

Sponsor Memo

BILL NUMBER:S3872A

TITLE OF BILL:
An act
to amend the public authorities law, in relation to requiring
the development of a renewable energy
credit certification and tracking system by the New York state energy
research and development authority

PURPOSE:
The purpose of this bill is to prepare a tracking system for renewable
energy credits. As New York State moves closer to a market system in
which energy is bought and sold through a credit mechanism, it is
important to track the creation of the energy generated, as well as
when this energy is bought and sold in the marketplace to ensure the
credibility of the renewable energy credit market.

SUMMARY OF PROVISIONS:;
This bill amends section 1854 of the public authorities law by adding
a new subdivision 19.

JUSTIFICATION:
This legislation requires the New York State Energy Research and
Development Agency (NYSERDA) to establish a tracking system for
Renewable Energy Credits (RECs). A REC is defined as the
environmental attributes associated with one mega-watt hour of
qualified renewable energy generation. NYSERDA will be required to
consult with the Department of Public Service staff and the New York
Independent Systems Operator in the development of this tracking
system. As New York, and the country, moves toward a market based
system to stimulate renewable energy generation, New York State must
begin to develop the infrastructure necessary to successfully monitor
the sale and trade of this energy.

LEGISLATIVE HISTORY:
This is a new bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
This act shall take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3872--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              March 8, 2011
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on  Energy  and  Telecommuni-
  cations  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the public authorities law, in relation to requiring the
  development of a renewable energy credit  certification  and  tracking
  system by the New York state energy research and development authority

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 1851 of the public authorities law  is  amended  by
adding a new subdivision 18 to read as follows:
  18.  "RENEWABLE  ENERGY  CREDIT" OR "REC" SHALL MEAN THE ENVIRONMENTAL
ATTRIBUTES ASSOCIATED WITH  ONE  MEGAWATT-HOUR  OF  QUALIFIED  RENEWABLE
ENERGY GENERATION.
  S 2. Section 1854 of the public authorities law is amended by adding a
new subdivision 19 to read as follows:
  19.  TO  ESTABLISH  A  PROCESS  AND PROCEDURE FOR CERTIFYING RENEWABLE
ENERGY CREDITS AND A SYSTEM FOR TRACKING THE SALE AND TRADING OF RENEWA-
BLE ENERGY CREDITS. EACH INITIAL ISSUANCE, SALE, AND TRADING OF  RENEWA-
BLE  ENERGY  CREDITS SHALL BE RECORDED IN THE TRACKING SYSTEM AND EASILY
REPORTABLE. THE AUTHORITY SHALL CONSULT WITH THE NEW  YORK  STATE  INDE-
PENDENT  SYSTEM  OPERATOR AND THE DEPARTMENT OF PUBLIC SERVICE TO AID IN
DEVELOPMENT OF THE RENEWABLE ENERGY CREDIT  CERTIFICATION  AND  TRACKING
SYSTEM AND MAY CONTRACT AND DELEGATE RESPONSIBILITY FOR THE OPERATION OF
THE SYSTEM TO A THIRD PARTY PENDING APPROVAL BY THE AUTHORITY'S BOARD OF
DIRECTORS.  SUCH  SYSTEM  SHALL  BE  DEVELOPED  WITHIN SIX MONTHS OF THE
EFFECTIVE DATE OF THIS SUBDIVISION AND SHALL BE  COMPATIBLE  WITH  OTHER
SUCH  SYSTEMS OPERATING IN OTHER REGIONS OF THE UNITED STATES AND CANADA
TO THE GREATEST EXTENT  FEASIBLE.  IT  SHALL  ALSO  ACCOUNT  FOR  ENERGY
IMPORTS FROM AREAS WITHOUT SIMILAR TRACKING SYSTEMS.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10062-03-1

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