Assembly Bill A5640

2019-2020 Legislative Session

Requires electric corporations and power authorities to surrender renewable energy credits to customer-generators

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2019-A5640 (ACTIVE) - Details

Current Committee:
Assembly Energy
Law Section:
Public Service Law
Laws Affected:
Amd §§66-j & 66-l, Pub Serv L; amd §§1014, 1020-cc & 1868, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A7126
2013-2014: A6398
2015-2016: A2998
2017-2018: A6682

2019-A5640 (ACTIVE) - Summary

Requires electric corporations and power authorities to surrender renewable energy credits and attributes, solar renewable energy credits, green building credits, tradeable renewable certificates, and environmental credits to customer-generators.

2019-A5640 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5640
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2019
                                ___________
 
 Introduced  by M. of A. ENGLEBRIGHT, THIELE -- read once and referred to
   the Committee on Energy
 
 AN ACT to amend the public service law and the public  authorities  law,
   in relation to requiring electric generating corporations and authori-
   ties  to  surrender  ownership  of renewable energy credits and attri-
   butes, solar renewable energy credits, green building credits, tradea-
   ble renewable certificates, and environmental credits  and  attributes
   to  the customer-generators whose equipment and renovations caused the
   accrual of such credits
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 66-j of the public service law is amended by adding
 a new subdivision 6-a to read as follows:
   6-A.    SURRENDER  OF  CREDITS  AND  ATTRIBUTES.   NOTWITHSTANDING ANY
 CONTRACT OR AGREEMENT TO THE CONTRARY,  AN  ELECTRIC  CORPORATION  SHALL
 WITHIN TWO YEARS OF THE INSTALLATION OF ELECTRIC GENERATING EQUIPMENT BY
 A  CUSTOMER-GENERATOR  OR  WITHIN ONE YEAR OF THE EFFECTIVE DATE OF THIS
 SUBDIVISION, WHICHEVER SHALL  BE  LATER,  SURRENDER  OWNERSHIP  TO  EACH
 CUSTOMER-GENERATOR OF THE RENEWABLE ENERGY CREDITS AND ATTRIBUTES, SOLAR
 RENEWABLE  ENERGY  CREDITS,  GREEN BUILDING CREDITS, TRADEABLE RENEWABLE
 CERTIFICATES, AND ENVIRONMENTAL CREDITS AND ATTRIBUTES WHICH ACCRUED  AS
 THE RESULT OF THE CUSTOMER-GENERATOR'S ELECTRIC GENERATING EQUIPMENT.
   § 2. Section 66-l of the public service law is amended by adding a new
 subdivision 6-a to read as follows:
   6-A.    SURRENDER  OF  CREDITS  AND  ATTRIBUTES.   NOTWITHSTANDING ANY
 CONTRACT OR AGREEMENT TO THE CONTRARY,  AN  ELECTRIC  CORPORATION  SHALL
 WITHIN  TWO YEARS OF THE INSTALLATION OF WIND ELECTRIC GENERATING EQUIP-
 MENT BY A CUSTOMER-GENERATOR OR WITHIN ONE YEAR OF THE EFFECTIVE DATE OF
 THIS SUBDIVISION, WHICHEVER SHALL BE LATER, SURRENDER OWNERSHIP TO  EACH
 CUSTOMER-GENERATOR OF THE RENEWABLE ENERGY CREDITS AND ATTRIBUTES, SOLAR
 RENEWABLE  ENERGY  CREDITS,  GREEN BUILDING CREDITS, TRADEABLE RENEWABLE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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