|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to corporations, authorities and commissions|
|Jan 23, 2013||referred to corporations, authorities and commissions|
senate Bill S2616
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2616 - Details
- Current Committee:
- 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
BILL NUMBER:S2616 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
S2616 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2616 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 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 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. LBD07145-01-3
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