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Assembly Bill A9873A

2011-2012 Legislative Session

Requires the power authority to conduct an analysis of the economic viability of certain electric generating facilities

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

multi-Sponsors

2011-A9873 - Details

See Senate Version of this Bill:
S6842
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities
Versions Introduced in Other Legislative Sessions:
2013-2014: A5016, S2613
2015-2016: A5081

2011-A9873 - Summary

Requires the power authority to conduct an analysis of the economic viability of certain electric generating facilities.

2011-A9873 - Bill Text download pdf 

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

                                  9873

                          I N  A S S E M B L Y

                             April 19, 2012
                               ___________

Introduced  by  M.  of  A.  GOODELL  --  Multi-Sponsored  by -- M. of A.
  AMEDORE,  BARCLAY,  BLANKENBUSH,  BOYLE,  BURLING,  BUTLER,   CERETTO,
  CORWIN,  CROUCH,  FINCH,  FRIEND,  GIGLIO, GRAF, HANNA, HAWLEY, JOHNS,
  KATZ,  LOSQUADRO,  MALLIOTAKIS,  McDONOUGH,   McLAUGHLIN,   D. MILLER,
  MONTESANO,  MURRAY, OAKS, PALMESANO, RABBITT, SMARDZ, TENNEY, TOBACCO,
  WALTER -- read once and referred to  the  Committee  on  Corporations,
  Authorities and Commissions

AN  ACT  to  require  the  power authority 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.  Within  90  days, the power authority of the state of New
York shall conduct an analysis of the current economic viability of load
producing electric generating facilities in the counties  of  Chautauqua
and  Niagara, and as deemed feasible and advisable by the board of trus-
tees, 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 in Western New
York, recommend entering into a purchase power agreement with the owners
and operators of such facilities. Such power purchase  agreements  shall
be  effective  upon the conclusion of such 90 day period and be designed
to maintain said facilities power production capacities at a rate suffi-
cient 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 reliably and safely and fully staffed  at  at  least  ninety
percent of current employment levels, payrolls and local community bene-
fits.
  S 2.  Notwithstanding any limitations or conditions contained in para-
graph 8 of subdivision (a) and paragraph 7 of subdivision (c) of section
188-a  of the economic development law, any power purchased by the power
authority of the state of New York pursuant to section one of  this  act
shall  be  considered  Recharge New York power, and shall be utilized to
augment Recharge New York power allocations for eligible  businesses  as
defined  in  paragraph 5 or 7 of subdivision (a) of section 188-a of the
economic development law that are recommended for a  Recharge  New  York
power allocation pursuant to part CC of chapter 60 of the laws of 2011.
  S 3. This act shall take effect immediately.

co-Sponsors

multi-Sponsors

2011-A9873A (ACTIVE) - Details

See Senate Version of this Bill:
S6842
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities
Versions Introduced in Other Legislative Sessions:
2013-2014: A5016, S2613
2015-2016: A5081

2011-A9873A (ACTIVE) - Summary

Requires the power authority to conduct an analysis of the economic viability of certain electric generating facilities.

2011-A9873A (ACTIVE) - Bill Text download pdf 

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

                                 9873--A

                          I N  A S S E M B L Y

                             April 19, 2012
                               ___________

Introduced  by  M. of A. GOODELL, CERETTO -- Multi-Sponsored by -- M. of
  A. AMEDORE, BARCLAY,  BLANKENBUSH,  BOYLE,  BURLING,  BUTLER,  CORWIN,
  CROUCH,  FINCH,  FRIEND,  GRAF, HANNA, HAWLEY, JOHNS, KATZ, LOSQUADRO,
  MALLIOTAKIS,  McDONOUGH,  McLAUGHLIN,  D. MILLER,  MONTESANO,  MURRAY,
  OAKS, PALMESANO, RABBITT, SMARDZ, TENNEY, TOBACCO, WALTER -- read once
  and referred to the Committee on Corporations, Authorities and Commis-
  sions  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to require the power authority 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. Within 90 days, the power authority of  the  state  of  New
York shall conduct an analysis of the current economic viability of load
producing  electric generating facilities in the counties of Chautauqua,
Tompkins and Niagara, and as deemed feasible and advisable by the  board
of trustees, 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  in  Western
New  York,  recommend  entering into a purchase power agreement with the
owners and operators of such facilities. Such power purchase  agreements
shall  be  effective  upon  the  conclusion of such 90 day period and be
designed to maintain said facilities 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 reliably and safely and fully staffed at at least
ninety percent of current employment levels, payrolls and local communi-
ty benefits.
  S 2.  Notwithstanding any limitations or conditions contained in para-
graph 8 of subdivision (a) and paragraph 7 of subdivision (c) of section
188-a of the economic development law, any power purchased by the  power
authority  of  the state of New York pursuant to section one of this act
shall be considered Recharge New York power, and shall  be  utilized  to
augment  Recharge  New York power allocations for eligible businesses as

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

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