senate Bill S9426

2021-2022 Legislative Session

Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers and authorizes utility companies to own such projects

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Sponsored By

Current Bill Status - In Senate Committee Energy And Telecommunications Committee

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

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view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 26, 2022 referred to energy and telecommunications

S9426 (ACTIVE) - Details

See Assembly Version of this Bill:
Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Service Law
Laws Affected:
Add §66-t, amd §66-r, Pub Serv L; amd §224-d, Lab L

S9426 (ACTIVE) - Summary

Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers; authorizes utility companies to own such projects; provides that the commission shall require labor agreements and labor peace agreements.

S9426 (ACTIVE) - Sponsor Memo

S9426 (ACTIVE) - Bill Text download pdf

                     S T A T E   O F   N E W   Y O R K
                             I N  S E N A T E
                               May 26, 2022
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
 AN ACT to amend the public service law and the labor law, in relation to
   providing net revenues from utility-owned large-scale renewable gener-
   ation  projects  to low-income customers and authorizes utility compa-
   nies to own such projects

   Section  1.  Legislative findings and intent. 1. New York state recog-
 nizes the deleterious impacts of climate change  including  increasingly
 frequent catastrophic weather events.
   2.  Pursuant  to the New  York  state climate leadership and community
 protection act (CLCPA), New York  state  seeks  to  dramatically  reduce
 greenhouse  gas  emissions  and move its electric generation from fossil
 fuel-based generation to renewable-based generation. New York state  has
 mandated  that seventy percent of electricity come from renewable energy
 sources by year 2030 and one hundred percent of  electricity  come  from
 carbon neutral sources by 2040.
   3.  Further, New York state recognizes that the current pace of devel-
 opment of in-state renewable energy resources is  insufficient  to  meet
 the state's statutory renewable generation goals on schedule.
   4.  Because  New  York  state seeks to accomplish these energy-related
 goals and standards as soon as practicable allowing regulated  utilities
 to  own  and operate renewable generation is essential to achieving such
 goals and to provide a consistent and affordable supply of  carbon-free,
 renewably generated electricity by 2030, through 2050 and beyond.
   5.  New  York  state  seeks  to continue to develop in-state renewable
 energy projects that will drive down costs, benefit customers  receiving
 retail  electric  delivery  particularly  those customers who are low to
 moderate income.
   6. New York state has a proprietary interest in these  projects  being
 efficiently  built  and  operated without unnecessary disruptions, which

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


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