Senate Bill S8384

2021-2022 Legislative Session

Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers and authorizes utility companies to own such projects

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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

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2021-S8384 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Public Service Law
Laws Affected:
Add §66-s, Pub Serv L

2021-S8384 (ACTIVE) - Summary

Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers; authorizes utility companies to own such projects.

2021-S8384 (ACTIVE) - Sponsor Memo

2021-S8384 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8384
 
                             I N  S E N A T E
 
                             February 18, 2022
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations
 
 AN  ACT  to  amend  the public service law, in relation to providing net
   revenues from utility-owned large-scale renewable generation  projects
   to  low-income  customers and authorizes utility companies to own such
   projects

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative findings and intent. 1. New York state recog-
 nizes the deleterious impacts of climate change  including  increasingly
 frequent catastrophic weather events.
   2.  Pursuant  to the New  York  state climate leadership and community
 protection act (CLCPA), New York  state  seeks  to  dramatically  reduce
 greenhouse  gas  emissions  and move its electric generation from fossil
 fuel-based generation to renewable-based generation. New York state  has
 mandated  that seventy percent of electricity come from renewable energy
 sources by year 2030 and one hundred percent of  electricity  come  from
 carbon neutral sources by 2040.
   3.  Further, New York state recognizes that the current pace of devel-
 opment of in-state renewable energy resources is  insufficient  to  meet
 the state's statutory renewable generation goals on schedule.
   4.  Because  New  York  state seeks to accomplish these energy-related
 goals and standards as soon as practicable allowing regulated  utilities
 to  own  and operate renewable generation is essential to achieving such
 goals and to provide a consistent and affordable supply of  carbon-free,
 renewably generated electricity by 2030, through 2050 and beyond.
   5.  New  York  state  seeks  to continue to develop in-state renewable
 energy projects that will drive down costs, benefit customers  receiving
 retail  electric  delivery  particularly  those customers who are low to
 moderate income.
   § 2. The public service law is amended by adding a new section 66-s to
 read as follows:

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14768-01-2
              

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