Assembly Bill A7858

2023-2024 Legislative Session

Establishes New York state renewable electric generation pilot programs

download bill text pdf

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Current 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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2023-A7858 (ACTIVE) - Details

Current Committee:
Assembly Energy
Law Section:
Public Service Law
Laws Affected:
Add §73-b, Pub Serv L
Versions Introduced in Other Legislative Sessions:
2009-2010: A8738
2011-2012: A29
2013-2014: A1375
2015-2016: A1396
2017-2018: A148
2019-2020: A401
2021-2022: A1315

2023-A7858 (ACTIVE) - Summary

Establishes New York state renewable electric generation pilot programs to authorize the development of up to three hundred megawatts of renewable electric capacity statewide, in order to stimulate the growth of clean, affordable and reliable sources of energy and to foster new partnerships between electric corporations, energy producers and energy customers in this state.

2023-A7858 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7858
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               July 7, 2023
                                ___________
 
 Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
   Committee on Energy
 
 AN ACT to amend the public service law, in relation to  New  York  state
   renewable electric generation pilot programs
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The public service law is amended by adding a  new  section
 73-b to read as follows:
   §  73-B.  NEW YORK STATE RENEWABLE ELECTRIC GENERATION PILOT PROGRAMS.
 1. THE COMMISSION SHALL ESTABLISH  NEW  YORK  STATE  RENEWABLE  ELECTRIC
 GENERATION  PILOT  PROGRAMS  TO AUTHORIZE THE DEVELOPMENT OF UP TO THREE
 HUNDRED MEGAWATTS OF RENEWABLE ELECTRIC CAPACITY STATEWIDE, IN ORDER  TO
 STIMULATE THE GROWTH OF CLEAN, AFFORDABLE, AND RELIABLE SOURCES OF ENER-
 GY  AND TO FOSTER NEW PARTNERSHIPS BETWEEN ELECTRIC CORPORATIONS, ENERGY
 PRODUCERS AND ENERGY CUSTOMERS IN NEW YORK STATE.
   2. (A) THE COMMISSION SHALL OVERSEE THE IMPLEMENTATION  OF  THE  PILOT
 PROGRAMS  AND SHALL DIRECT ELECTRIC CORPORATIONS TO BUILD OR CAUSE TO BE
 BUILT RENEWABLE ENERGY FACILITIES TO BE FINANCED UNDER TERMS ESTABLISHED
 THROUGH AN ORDER OF THE COMMISSION WHICH  SHALL  AUTHORIZE  CAPITAL  AND
 OPERATING  COSTS  TO  BE  RECOVERED IN THE CORPORATIONS RATE BASE AND TO
 EARN A REASONABLE RETURN OVER A PERIOD TO BE DETERMINED BY  THE  COMMIS-
 SION,  PROVIDED  THAT  THE  CORPORATION  SHALL,  AT MINIMUM, PROVIDE THE
 COMMISSION WITH THE FOLLOWING:
   (I) A DETAILED DESCRIPTION AND ECONOMIC  EVALUATION  OF  THE  PROPOSED
 INVESTMENT;
   (II)  A  DISCUSSION OF THE COSTS, BENEFITS, AND RISKS OF THE PROPOSAL,
 INCLUDING AN ANALYSIS OF THE COSTS, BENEFITS, AND RATE  IMPLICATIONS  TO
 THE PARTICIPATING CUSTOMERS, TO THE COMPANY'S DEFAULT SERVICE CUSTOMERS,
 AND TO THE UTILITY'S DISTRIBUTION CUSTOMERS;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11354-01-3
 A. 7858                             2
 
              

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