NY State Senate Bill 2015-S6671

Archive: Last Bill Status - In Senate Committee Rules Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 17, 2016	committed to rules
Jun 01, 2016	advanced to third reading
May 25, 2016	2nd report cal.
May 24, 2016	1st report cal.1068
Feb 03, 2016	referred to energy and telecommunications

Votes

- May 24, 2016 - Energy And Telecommunications Committee Vote
  S6671
  
  Aye
  
  11
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  
  0
  - - Energy And Telecommunications Committee Vote: May 24, 2016
      
      aye (11)
      
      Carlucci
      
      Croci
      
      Dilan
      
      Griffo
      
      Hamilton
      
      Kennedy
      
      Little
      
      Martins
      
      O'Mara
      
      Parker
      
      Ritchie

2015-S6671 (ACTIVE) - Details

See Assembly Version of this Bill:: A9513
Current Committee:: Senate Rules
Law Section:: Public Service Law
Laws Affected:: Add §66-o, Pub Serv L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S941, A8589
2019-2020: A6635

2015-S6671 (ACTIVE) - Summary

Relates to enacting the "renewable energy credit opportunity and exchange protection act" establishing the rights of consumers and businesses to own and trade renewable energy credits.

2015-S6671 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S6671

 TITLE OF BILL :

An act to amend the public service law, in relation to the "renewable
energy credit opportunity and exchange protection act" establishing
the rights of consumers and businesses to own and trade renewable
energy credits

 PURPOSE :

To clarify that consumers shall have the unqualified right to own and
trade renewable energy credits derived from qualified renewable energy
generation

 SUMMARY OF SPECIFIC PROVISIONS :

Sections 1: provides definitions of relevant terms

Section 2: delineates the rights of a customer-generator pursuant to
renewable energy generation to own and sell any credits deriving such
generation

Section 3: Permits a customer generation to register their renewable
energy credits through the generation attribute tracking system
established pursuant to section 1854 of the public authorities law or

in another state or group of states that maintains such a system.

 JUSTIFICATION :

The State of New York has taken many steps over the last several years
to grow and incentivize renewable energy generation. These have
included the NY SUN program, various sales and income tax incentives
that benefit installers, on-bill recovery loans for renewable energy,
expanded net metering and the Green Bank. The success of these
programs has helped to make our state a national leader in clean
energy. More recently, the Public Service Commission has begun a new
proceeding aimed at ensuring that 50% of all energy produced in our
state is from clean and renewable sources by the year 2030. This is an
ambitious goal and one that will require more steps if it is to be
realized.

Currently, New York State does not avail itself of a renewable energy
credit trading system like many other states. One primary reason is
that the state, through NYSERDA has maintained ownership of such
credits because of the various subsidies involved with installations.
In the past New York also lacked a generation attribute tracking
system (GATS) that would be necessary to effectuate trading in
renewable energy credits. That system is now in place, and as we move
to a system that is includes lower subsidies and more private sector
engagement, the time is right to authorize individuals and businesses
to own and trade their own renewable energy credits. This bill
establishes such a system

 PRIOR LEGISLATIVE HISTORY :

None.

 FISCAL IMPLICATIONS :

None.

 EFFECTIVE DATE :
This act shall take effect immediately.

2015-S6671 (ACTIVE) - Bill Text download pdf

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

                                  6671

                            I N  S E N A T E

                            February 3, 2016
                               ___________

Introduced  by  Sen.  FUNKE  -- read twice and ordered printed, and when
  printed to be committed to the Committee on  Energy  and  Telecommuni-
  cations

AN  ACT  to  amend the public service law, in relation to the "renewable
  energy credit opportunity and exchange  protection  act"  establishing
  the  rights  of  consumers  and  businesses to own and trade renewable
  energy credits

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. This act shall be known and may be cited as the "renewable
energy credit opportunity and exchange protection act".
  S 2. The public service law is amended by adding a new section 66-o to
read as follows:
  S 66-O. RENEWABLE ENERGY CREDIT OPPORTUNITY  AND  EXCHANGE  PROTECTION
ACT.
  1.  DEFINITIONS.  AS  USED  IN THIS SECTION, THE FOLLOWING TERMS SHALL
HAVE THE FOLLOWING MEANINGS:
  (A) "RENEWABLE ENERGY CREDIT" OR "REC" MEANS THE ENVIRONMENTAL  ATTRI-
BUTES  ASSOCIATED  WITH ONE MEGAWATT-HOUR OF QUALIFIED ENERGY GENERATION
AS RECORDED BY A REVENUE GRADE METER;
  (B) "NET ENERGY METER" MEANS A NET ENERGY METER  PURSUANT  TO  SECTION
SIXTY-SIX-J OF THIS ARTICLE;
  (C)  "QUALIFIED  RENEWABLE  ENERGY GENERATION" MEANS POWER MEASURED IN
KILOWATT HOURS GENERATED WITHIN FIFTEEN YEARS OF THE DATE THE  CUSTOMER-
GENERATOR  RECEIVED PERMISSION FROM THE ELECTRIC DISTRIBUTION COMPANY TO
INTERCONNECT;
  (D) "CUSTOMER-GENERATOR" MEANS A "CUSTOMER-GENERATOR" ELIGIBLE FOR NET
ENERGY METERING PURSUANT TO SECTION SIXTY-SIX-J OF THIS ARTICLE THAT WAS
OR IS FIRST CONNECTED TO THE ELECTRIC SYSTEM BETWEEN THE EFFECTIVE  DATE
OF THIS SECTION AND JANUARY 1, 2030; AND
  (E)  "AUTHORITY" MEANS THE NEW YORK STATE ENERGY RESEARCH AND DEVELOP-
MENT AUTHORITY.
  2. CUSTOMER-GENERATOR'S RIGHTS TO RENEWABLE ENERGY CREDITS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13827-01-6

S. 6671                             2

  (A) NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY OR  ANY
CONTRACT  OR  AGREEMENT TO THE CONTRARY, A CUSTOMER-GENERATOR SHALL HAVE
FULL RIGHTS OF OWNERSHIP OF RENEWABLE ENERGY CREDITS.
  (B)  A  CUSTOMER-GENERATOR SHALL HAVE THE UNQUALIFIED RIGHT TO SELL OR
TRANSFER RENEWABLE ENERGY CREDITS ARISING FROM THE  QUALIFIED  RENEWABLE
ENERGY GENERATION.
  3. RECORDING, TRACKING AND TRANSFERRING RENEWABLE ENERGY CREDITS.
  (A)  A  GENERATION ATTRIBUTE TRACKING SYSTEM ESTABLISHED UNDER SECTION
EIGHTEEN HUNDRED FIFTY-FOUR OF THE PUBLIC AUTHORITIES LAW  SHALL  PERMIT
CUSTOMER-GENERATORS  TO  RECORD  HIS  OR  HER  QUALIFIED  GENERATION AND
PROVIDE FOR THE TRANSFER OR CONVEYANCE OF OWNERSHIP OF HIS OR HER RENEW-
ABLE ENERGY CREDITS.
  (B) A CUSTOMER-GENERATOR MAY REGISTER  HIS  OR  HER  RENEWABLE  ENERGY
CREDITS WITH ONE OF THE FOLLOWING:
  (I) ERCOT: ELECTRIC RELIABILITY COUNCIL OF TEXAS;
  (II) MIRECS: MICHIGAN RENEWABLE ENERGY CERTIFICATION SYSTEM;
  (III) M-RETS: MIDWEST RENEWABLE ENERGY TRACKING SYSTEM;
  (IV) NAR: NORTH AMERICAN RENEWABLES REGISTRY;
  (V) NC-RETS: NORTH CAROLINA RENEWABLE ENERGY TRACKING SYSTEM;
  (VI) NEPOOL-GIS: NEW ENGLAND POWER POOL GENERATION INFORMATION SYSTEM;
  (VII) NVTREC: NEVADA TRACKS RENEWABLE ENERGY CREDITS;
  (VIII) PJM-GATS: PJM EIS'S GENERATION ATTRIBUTE TRACKING SYSTEM;
  (IX)  WREGIS:  WESTERN RENEWABLE ENERGY GENERATION INFORMATION SYSTEM;
OR
  (X) ANOTHER CREDIBLE ATTRIBUTE TRACKING SYSTEM APPROVED FOR USE BY THE
AUTHORITY.
  (C) A CUSTOMER-GENERATOR SHALL ADHERE TO THE RULES AND REGULATIONS  OF
THE APPROPRIATE TRACKING SYSTEM.
  (D) A CUSTOMER-GENERATOR MAY ONLY SELL A RENEWABLE ENERGY CREDIT ONCE.
  S 3. This act shall take effect immediately.

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Senate Bill S6671

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee

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Votes

May 24, 2016 - Energy And Telecommunications Committee Vote

Energy And Telecommunications Committee Vote: May 24, 2016

2015-S6671 (ACTIVE) - Details

2015-S6671 (ACTIVE) - Summary

2015-S6671 (ACTIVE) - Sponsor Memo

2015-S6671 (ACTIVE) - Bill Text download pdf

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Sponsored By

Rich Funke

Archive: Last Bill Status - In Senate Committee Rules Committee

Actions

Votes

2015-S6671 (ACTIVE) - Details

2015-S6671 (ACTIVE) - Summary

2015-S6671 (ACTIVE) - Sponsor Memo

2015-S6671 (ACTIVE) - Bill Text download pdf

Comments