senate Bill S7767

2011-2012 Legislative Session

Directs the power authority to conduct an analysis of the economic viability of load producing electric generating facilities

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Archive: Last Bill Status - Passed Senate


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 21, 2012 referred to corporations, authorities and commissions
delivered to assembly
passed senate
ordered to third reading cal.1521
Jun 18, 2012 referred to rules

Votes

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Co-Sponsors

S7767 - Details

Current Committee:
Law Section:
Authorities

S7767 - Summary

Directs the power authority to conduct an analysis of the economic viability of load producing electric generating facilities for the purpose of determining the feasibility of entering into power purchasing agreements with such facilities.

S7767 - Sponsor Memo

S7767 - Bill Text download pdf

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

                                  7767

                            I N  S E N A T E

                              June 18, 2012
                               ___________

Introduced  by  Sens. YOUNG, MAZIARZ, NOZZOLIO -- read twice and ordered
  printed, and when printed to be committed to the Committee on Rules

AN ACT to require the power authority  of  the  state  of  New  York  to
  conduct  an  analysis  of  the  economic viability of certain electric
  generating facilities

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

  Section  1.  (a) Within 90 days of the effective date of this act, the
power authority of the state of New York shall conduct  an  analysis  of
the  current  economic  viability  of load producing electric generating
facilities, and as deemed feasible and advisable by the board  of  trus-
tees  of  such  authority, taking full consideration of the requirements
and viability of the entire power generating system needs of  the  state
of  New York, with special consideration of the ratepayers and taxpayers
of the state, shall recommend entering into a purchase  power  agreement
with  the  owners  and  operators of such facilities, if such owners and
operators meet and agree upon the conditions in subdivision (b) of  this
section.    Such  power  purchase agreements shall be effective upon the
conclusion of such 90 day period and be designed to maintain said facil-
ities' power production capacities at a rate  sufficient  to  ensure  at
least  three  years  worth  of  no less than a level of operating income
necessary to allow said facilities to remain open and functioning  reli-
ably  and safely and fully staffed at at least ninety percent of current
employment levels,  payrolls  and  local  community  benefits.  For  the
purposes  of  this  subdivision,  operating  income  shall  include  all
expenses of eligible facilities excluding debt service costs, except for
verifiable  debt  service  payments  related  to  capital   improvements
designed  to  substantially  reduce the emission of toxic air pollutants
emanating from generators operating at said facility.
  (b) The power purchase agreement permitted under  subdivision  (a)  of
this  section  shall only apply to power generating units that currently
meet or exceed the minimum standards established in the  final  rule  of
the  proposed  National Emission Standards for Hazardous Air Pollutants.
In addition, such owner and/or operator of a generating  unit  otherwise

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

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