Assembly Bill A5036

2021-2022 Legislative Session

Requires the public service commission to adjust the zero emissions credit

download bill text pdf

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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

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2021-A5036 (ACTIVE) - Details

Current Committee:
Assembly Energy
Law Section:
Energy
Versions Introduced in Other Legislative Sessions:
2017-2018: A8190
2019-2020: A336

2021-A5036 (ACTIVE) - Summary

Requires the public service commission to adjust the zero emissions credit to account for the proportional benefits received within each energy zone attributed to the continued operation of nuclear facilities.

2021-A5036 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5036
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2021
                                ___________
 
 Introduced  by  M.  of A. PAULIN, DINOWITZ, ENGLEBRIGHT -- read once and
   referred to the Committee on Energy
 
 AN ACT in relation to the price of zero emissions credits
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. Notwithstanding any other law, rule, regulation, or order,
 the New York public service commission shall adjust the price of a  zero
 emissions credit to account for the proportional benefits received with-
 in  each  energy  zone  attributed to the continued operation of nuclear
 facilities. The price of a zero emissions  credit  shall  be  higher  in
 energy  zones  where  the proportional benefits are greater and lower in
 energy zones where the proportional benefits are less.
   § 2. The term "proportional benefits" when  used  in  this  act  shall
 include  all  (a)  proximity advantages derived from avoided fossil fuel
 generation within each energy zone due to the continued operation of the
 nuclear facilities, (b) revenues, funds, taxes or credits received  from
 nuclear  facilities through real property tax collections or payments in
 lieu of taxes within each  energy  zone,  and  (c)  advantages  acquired
 through employment related to the continued operation of nuclear facili-
 ties within each energy zone.
   §  3.  The  term  "energy  zone"  when used in this act shall mean the
 federally designated electric bulk system operator's zone.
   § 4. The term "nuclear facilities" when used in this  act  shall  mean
 the Fitzpatrick, Ginna and Nine Mile nuclear facilities.
   §  5.  The  zero emissions credit price adjustment required by section
 one of this act shall be approved by the New York public service commis-
 sion on or before August 1, 2021.
   § 6. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01913-01-1

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