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Assembly Bill A5016

2013-2014 Legislative Session

Requires the power authority of the state New York 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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2013-A5016 (ACTIVE) - Details

See Senate Version of this Bill:
S2613
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities
Versions Introduced in Other Legislative Sessions:
2011-2012: A9873, S6842
2015-2016: A5081

2013-A5016 (ACTIVE) - Summary

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

2013-A5016 (ACTIVE) - Bill Text download pdf 

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

                                  5016

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 14, 2013
                               ___________

Introduced  by M. of A. GOODELL -- read once and referred to the Commit-
  tee on Corporations, Authorities and Commissions

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. 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 facili-
ties in the counties of Chautauqua, Tompkins and Niagara, and as  deemed
feasible  and  advisable  by the trustees 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 consider-
ation 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 community 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
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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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