S T A T E O F N E W Y O R K
________________________________________________________________________
9451
I N A S S E M B L Y
(PREFILED)
January 6, 2010
___________
Introduced by M. of A. BING, LANCMAN, STIRPE, TITONE, LUPARDO, FIELDS --
Multi-Sponsored by -- M. of A. DESTITO, HYER-SPENCER, O'DONNELL, PHEF-
FER -- read once and referred to the Committee on Energy
AN ACT to amend the public service law, in relation to providing incen-
tives for energy conservation through voltage regulation
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. VOLTAGE REGULATION. 1. FOR PURPOSES OF THIS SECTION "VOLTAGE
REGULATION DEVICE" SHALL MEAN VOLTAGE REGULATION TECHNOLOGIES WHICH
RAISE OR LOWER VOLTAGE DYNAMICALLY AND ARE NINETY-NINE PERCENT OR MORE
EFFICIENT ACROSS AT LEAST NINETY PERCENT OF THE ELECTRIC LOAD CURVE.
2. ELECTRIC UTILITIES MAY RECOVER THE CAPITAL AND OPERATING COSTS AND
EARN A FIFTEEN PERCENT RATE OF RETURN IN THE UTILITY'S RATE BASES ON
INVESTMENTS AND INSTALLATIONS OF VOLTAGE REGULATION DEVICES.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14843-01-9