Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to corporations, authorities and commissions |
May 10, 2011 |
reported referred to ways and means |
Jan 05, 2011 |
referred to corporations, authorities and commissions |
Assembly Bill A1217
2011-2012 Legislative Session
Sponsored By
PAULIN
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
Actions
co-Sponsors
Fred Thiele
Ellen C. Jaffee
Dennis H. Gabryszak
Thomas Abinanti
multi-Sponsors
Inez Barron
Richard Gottfried
Joan Millman
2011-A1217 (ACTIVE) - Details
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Service Law
- Laws Affected:
- Amd ยง5, Pub Serv L
- Versions Introduced in 2009-2010 Legislative Session:
-
A5199
2011-A1217 (ACTIVE) - Summary
Directs the public service commission to establish a methodology to determine any costs paid by ratepayers of nuclear electric generating facilities for financial assurance for decommissioning, as required by the nuclear regulatory commission, in excess of the estimated costs thereof; such excess costs already collected are to be returned to ratepayers and are not to be charged in the future.
2011-A1217 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1217 2011-2012 Regular Sessions I N A S S E M B L Y (PREFILED) January 5, 2011 ___________ Introduced by M. of A. PAULIN, THIELE, JAFFEE -- Multi-Sponsored by -- M. of A. BARRON, GOTTFRIED -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public service law, in relation to returning to ratepayers costs paid by them in excess of estimated costs for nuclear electric generating facility decommissioning THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5 of the public service law is amended by adding a new subdivision 7 to read as follows: 7. A. NO LATER THAN ONE YEAR FROM THE EFFECTIVE DATE OF THIS SUBDIVI- SION, THE COMMISSION SHALL DEVELOP AND ADOPT A METHODOLOGY FOR DETERMIN- ING ALL COSTS WHICH WERE OR ARE TO BE PASSED ON TO RATEPAYERS BY LICEN- SEES OF NUCLEAR ELECTRIC GENERATING FACILITIES FOR PURPOSES OF FINANCIAL ASSURANCE FOR DECOMMISSIONING, PURSUANT TO TITLE 10, PART 50 ET SEQ. OF THE CODE OF FEDERAL REGULATIONS, IN EXCESS OF THE ACTUAL COSTS OF DECOM- MISSIONING. IN DEVELOPING SUCH METHODOLOGY, THE COMMISSION SHALL TAKE INTO ACCOUNT AND STRICTLY SCRUTINIZE THE ROLE OF INFLATION, INTEREST, ACTUAL COSTS OF DECOMMISSIONING, COST ADJUSTMENTS, DEPOSITS INTO AND WITHDRAWALS FROM ANY AND ALL FINANCIAL ASSURANCE ACCOUNTS FOR DECOMMIS- SIONING COSTS, AND THE ROLE OF OTHER FACTORS THE COMMISSION DEEMS NECES- SARY TO ENSURE THAT RATEPAYERS ARE FULLY REIMBURSED FOR ALL SUCH COSTS. B. UPON ADOPTING SUCH METHODOLOGY, THE COMMISSION SHALL REQUIRE LICEN- SEES OF NUCLEAR ELECTRIC GENERATING FACILITIES TO (1) RETURN ANY AND ALL COSTS WHICH IT DETERMINES, BY USING SUCH METHODOLOGY, WERE PASSED ON TO RATEPAYERS FOR PURPOSES OF FINANCIAL ASSURANCE FOR DECOMMISSIONING COSTS, REQUIRED PURSUANT TO TITLE 10, PART 50 ET SEQ. OF THE CODE OF FEDERAL REGULATIONS, IN EXCESS OF THE ESTIMATED COSTS OF DECOMMISSIONING AND (2) CEASE TO CHARGE OR COLLECT ANY SUCH EXCESSIVE AMOUNTS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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