Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 07, 2018 |
reported and committed to rules |
May 03, 2018 |
referred to energy and telecommunications |
Senate Bill S8368
2017-2018 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Votes
2017-S8368 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Economic Development Law
- Laws Affected:
- Amd §188-a, Ec Dev L
2017-S8368 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8368 REVISED MEMO 05/04/2018 SPONSOR: GRIFFO TITLE OF BILL: An act to amend the economic development law, in relation to recharge New York power PURPOSE: The purpose of this bill is to increase the effectiveness of the ReCharge New York Program. The ReCharge New York program provides New York businesses the ability to buy low-cost power and spend the savings on retaining and creating jobs. ReCharge New York allocates discount power to companies across the State, an incentive that is proven to keep companies and jobs in the State. Due to market conditions, growing mission, and new mandates the low-cost power provided by the ReCharge New York Program may not be less expen- sive than market power. This legislation would increase the value of the current program. SUMMARY OF PROVISIONS:
2017-S8368 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8368 I N S E N A T E May 3, 2018 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the economic development law, in relation to recharge New York power THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 8 of subdivision (a) of section 188-a of the economic development law, as added by section 2 of part CC of chapter 60 of the laws of 2011, is amended to read as follows: (8) "Recharge New York power" shall mean and consist of equal amounts of (i) four hundred fifty-five megawatts of firm hydroelectric power from the Niagara and Saint Lawrence hydroelectric projects to be with- drawn from utility corporations that, prior to the effective date of this section, purchased such power for the benefit of their domestic and rural consumers ("recharge New York hydropower"), and (ii) power procured by the authority through a competitive procurement process, authority sources (other than the Niagara and Saint Lawrence projects) or through an alternate method ("recharge New York market power"); provided, however, that if such recharge New York market power comes from authority sources, the use of that power shall not reduce the availability of, or cause an increase in the price of, power provided by the authority for any other program authorized in this article or pursu- ant to any other statute; PROVIDED, FURTHER, HOWEVER THAT IF SUCH RECHARGE NEW YORK MARKET POWER COMES FROM AUTHORITY SOURCES, THE USE OF THAT POWER SHALL BE AT LEAST EIGHT PERCENT LESS THAN DEFAULT SERVICE. § 2. Paragraph 3 of subdivision (c) of section 188-a of the economic development law, as added by section 2 of part CC of chapter 60 of the laws of 2011, is amended to read as follows: (3) The board's recommendation shall require that if the actual metered load at the facility where the allocation is utilized is less than the allocation, such allocation will be reduced accordingly, provided that, THE RECIPIENT MAY ELECT TO REDUCE THE RECHARGE NEW YORK MARKET POWER ALLOCATION FIRST, AND PROVIDED FURTHER THAT, under its EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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