senate Bill S2616

2013-2014 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 -

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

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to corporations, authorities and commissions
Jan 23, 2013 referred to corporations, authorities and commissions


S2616 - Details

Law Section:
Versions Introduced in 2011-2012 Legislative Session:

S2616 - 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.

S2616 - Sponsor Memo

S2616 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 23, 2013

Introduced  by  Sens.  YOUNG,  MAZIARZ, O'MARA -- read twice and ordered
  printed, and when printed to be committed to the Committee  on  Corpo-
  rations, 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


  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 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 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 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. 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  substan-
tially reduce the emission of toxic air pollutants emanating from gener-
ators operating at said facility.

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


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