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

                                  7808

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 27, 2015
                               ___________

Introduced  by M. of A. RUSSELL -- read once and referred to the Commit-
  tee on Energy

AN ACT in relation to  authorizing  and  directing  the  public  service
  commission to study the impact on consumers and perform a cost benefit
  analysis of the Reforming the Energy Vision (REV) initiative

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

  Section 1. Notwithstanding any other  provision  of  law,  the  public
service  commission  is  authorized  and directed to study the impact on
consumers and perform a cost benefit analysis of the Reforming the Ener-
gy Vision (REV) initiative. Such study and analysis shall  include,  but
not be limited to:
  1.  an  analysis of the potential benefits and costs of the REV initi-
ative;
  2. the impact of REV on electric rates charged  to  consumers  through
additional taxes and fees, increased rates or any other charges required
to fund the REV initiative;
  3.  the  feasibility  of other potential initiatives and approaches to
upgrading and updating the current energy infrastructure of this state;
  4. an analysis of potential benefits and costs of  such  other  initi-
atives  determined  to be feasible pursuant to subdivision three of this
section;
  5. the impact on consumers resulting from  the  cost  and  expense  of
replacing existing energy infrastructure; and
  6.  any  other  information the public service commission deems neces-
sary.
  S 2. The public service commission shall report its findings regarding
the study and analysis authorized and directed to be performed  pursuant
to  section  one of this act to the governor, the temporary president of
the senate, the speaker of the assembly,  the  minority  leader  of  the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10746-01-5

              

A. 7808                             2

senate  and  the  minority  leader of the assembly on or before one year
after the effective date of this act.
  S 3. No additional taxes and fees, increased rates or any other charg-
es  required  to  fund the REV initiative shall be imposed upon existing
utility  rates  and  charges  of  consumers  of  this  state  until  the
completion of the study, analysis and report set forth in this act.
  S 4. This act shall take effect immediately.