|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 21, 2012||referred to corporations, authorities and commissions|
delivered to assembly
ordered to third reading cal.1521
|Jun 18, 2012||referred to rules|
senate Bill S7767
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7767 - Details
- Current Committee:
- Law Section:
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
BILL NUMBER:S7767 TITLE OF BILL: 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 PURPOSE: This act would require the New York power authority to conduct an analysis of the economic viability of load producing electric generating facilities. SUMMARY OF PROVISIONS: Section 1 provides that the New York State Power Authority (NYPA) shall conduct an analysis of the current economic viability of base load producing electric generating facilities in the state. Based on such analysis, and as deemed feasible and advisable by the NYPA board, the Board shall then recommend entering into a purchase power agreement with such facilities for at least three years. It also provides that the eligibility for the purchase power agreements shall be for those electric generating facilities that currently meet or exceed the minimum standards established in the final rule of the proposed National Emission Standards for Hazardous Air Pollutants and stipulates that eligible plants must agree to
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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