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Assembly Bill A10582

2011-2012 Legislative Session

Relates to residential consumer discount programs

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Archive: Last Bill Status - In Assembly Committee

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2011-A10582 (ACTIVE) - Details

Current Committee:
Assembly Rules
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง1005, Pub Auth L

2011-A10582 (ACTIVE) - Summary

Relates to residential consumer discount programs; authorizes the power authority of the state of New York, as deemed feasible and advisable by the trustees, to use revenues from the sale of hydroelectric power, and such other funds of the authority as deemed feasible and advisable by the trustees, to fund an energy efficiency program.

2011-A10582 (ACTIVE) - Bill Text download pdf

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

                                  10582

                          I N  A S S E M B L Y

                              June 6, 2012
                               ___________

Introduced  by  COMMITTEE  ON  RULES  --  (at  request of M. of A. Ryan,
  Cahill) -- read once and referred to the Committee on Energy

AN ACT to amend the public authorities law, in relation  to  residential
  consumer discount programs

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

  Section 1. Subdivision 13-b of section 1005 of the public  authorities
law, as added by section 4 of part CC of chapter 60 of the laws of 2011,
is amended to read as follows:
  13-b. Residential consumer discount programs. (a) Residential consumer
electricity  cost  discount. Notwithstanding any provision of this title
or article six of the economic development  law  to  the  contrary,  the
authority  is  authorized, as deemed feasible and advisable by the trus-
tees, to use revenues from the sale of  hydroelectric  power,  and  such
other  funds  of  the  authority as deemed feasible and advisable by the
trustees, to fund monthly payments to be made for the  benefit  of  such
classes  of  electricity  consumers as enjoyed the benefits of authority
hydroelectric power withdrawn pursuant to subdivision thirteen-a of this
section, for the purpose of mitigating price impacts associated with the
reallocation of such power in the manner described in this  subdivision.
Such  monthly  payments shall commence after such hydroelectric power is
withdrawn. The total annual amount of monthly payments for each  of  the
three  twelve  month  periods following withdrawal of such hyrdoelectric
power shall be one hundred million dollars. The total annual  amount  of
monthly  payments  for  each  of the two subsequent twelve month periods
shall be seventy million dollars and fifty million dollars,  respective-
ly.  Thereafter,  the  total  annual amount of monthly payments for each
twelve month period shall be thirty million dollars. The total amount of
monthly payments shall be apportioned by the authority among the utility
corporations that, prior to the  effective  date  of  this  subdivision,
purchased such hydroelectric power for the benefit of their domestic and
rural  consumers  according  to  the  relative  amounts  of  such  power
purchased by such corporations. The monthly payments shall  be  credited
to  the  electricity  bills  of  such  corporations'  domestic and rural

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

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