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Assembly Bill A1207

2009-2010 Legislative Session

Relates to establishing an on-bill-financing program for micro-combined heat and power generating equipment

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Archive: Last Bill Status - In Assembly Committee

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2009-A1207 (ACTIVE) - Details

Current Committee:
Assembly Energy
Law Section:
Public Service Law
Laws Affected:
Add ยง66-m, Pub Serv L

2009-A1207 (ACTIVE) - Summary

Establishes an on-bill-financing program for micro-combined heat and power generating equipment to permit customers to finance up front costs for the purchase and installation of such equipment.

2009-A1207 (ACTIVE) - Bill Text download pdf 

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

                                  1207

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by M. of A. DESTITO -- read once and referred to the Commit-
  tee on Energy

AN ACT to amend the public service law, in relation to  establishing  an
  on-bill-financing  program  to  facilitate financing of micro-combined
  heat and power generating equipment

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

  Section  1.  The public service law is amended by adding a new section
66-m to read as follows:
  S 66-M. ON-BILL-FINANCING PROGRAM. THE COMMISSION FOR EACH ELECTRIC OR
GAS CORPORATION OR  MUNICIPAL  CORPORATION  PROVIDING  GAS  OR  ELECTRIC
SERVICE,  SHALL  ESTABLISH  AN ON-BILL-FINANCING PROGRAM FOR RESIDENTIAL
COMBINED HEAT AND POWER GENERATING EQUIPMENT THAT SHALL:
  1. ENABLE ELIGIBLE CUSTOMERS TO FINANCE ALL OF THE UPFRONT  COSTS  FOR
THE  PURCHASE  AND  INSTALLATION  OF RESIDENTIAL COMBINED HEAT AND POWER
GENERATING EQUIPMENT BY REPAYING THOSE COSTS OVER TIME AT THE DIFFERENCE
BETWEEN WHAT THE CUSTOMER WOULD HAVE PAID FOR ELECTRICITY AND THE ACTUAL
COSTS INCURRED BY THE CUSTOMER;
  2. LIMIT ELIGIBLE EQUIPMENT TO THAT WHICH IS  COST-EFFECTIVE,  TECHNO-
LOGICALLY FEASIBLE, AND ENVIRONMENTALLY BENEFICIAL;
  3.  ENSURE  THAT THE REASONABLE COSTS OF THE ELECTRIC CORPORATION, GAS
CORPORATION OR MUNICIPAL UTILITY ARE RECOVERED;
  4. ENSURE THAT AN ELIGIBLE CUSTOMER CANNOT OBTAIN FUNDS FOR  THE  SAME
SPECIFIC  PURPOSE  FROM  MORE  THAN ONE ELECTRIC CORPORATION, GAS CORPO-
RATION OR MUNICIPAL UTILITY; AND
  5. ENSURE THAT ALL COSTS OF THE ON-BILL-FINANCING PROGRAM OR FINANCING
MECHANISMS ARE SOLELY BORNE BY THE CUSTOMERS THAT UTILIZE THE PROGRAM OR
FINANCING MECHANISMS, AND ARE NOT SHIFTED  TO  THE  OTHER  CUSTOMERS  OR
CLASSES OF CUSTOMERS OF THE ELECTRICAL OR GAS CORPORATIONS.
  S  2.  This  act shall take effect on the thirtieth day after it shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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