Assembly Bill A2918B

2023-2024 Legislative Session

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings

download bill text pdf

Sponsored By

Current 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

co-Sponsors

2023-A2918 - Details

See Senate Version of this Bill:
S4876
Current Committee:
Assembly Energy
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L; amd §197-a, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2019-2020: S6916
2021-2022: A6206, S4261

2023-A2918 - Summary

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings and authority-TMED contracts.

2023-A2918 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2918
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 Introduced  by  M. of A. GRAY -- read once and referred to the Committee
   on Energy
 
 AN ACT to amend the public authorities law, in relation to the amount of
   St. Lawrence county economic development power that may be used by the
   New York Power Authority to generate net earnings

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  (c)  of  subdivision 24 of section 1005 of the
 public authorities law, as added by chapter 545 of the laws of 2014,  is
 amended to read as follows:
   (c) The authority shall establish an account to be known as the north-
 ern  New  York  economic development fund, which shall consist solely of
 net earnings. The authority, as determined to be feasible and  advisable
 by  the  trustees, shall deposit net earnings into the fund no less than
 quarterly, provided, however, that the amount  of  St.  Lawrence  county
 economic development power that may be used by the authority to generate
 net  earnings  shall  not  exceed  the lesser of twenty megawatts or the
 amount of St. Lawrence county economic development power  that  has  not
 been  allocated  by  the authority under the authority-TMED contract for
 sub-allocations[, and provided further that beginning  five  years  from
 the effective date of this subdivision, the amount of St. Lawrence coun-
 ty  economic  development  power  that  may  be used by the authority to
 generate net earnings shall not exceed the lesser of  ten  megawatts  or
 the  amount  of  St. Lawrence county economic development power that has
 not been allocated by the authority under  the  authority-TMED  contract
 for sub-allocations]. At least fifteen percent of net earnings paid into
 the fund shall be dedicated to eligible projects which are energy-relat-
 ed  projects,  programs and services as such term is defined in subpara-
 graph two of paragraph (b) of subdivision seventeen of this section.  In
 addition  to  funding  eligible projects, the authority may use northern
 New York economic development fund monies to cover reasonable costs  and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07705-01-3

co-Sponsors

2023-A2918A - Details

See Senate Version of this Bill:
S4876
Current Committee:
Assembly Energy
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L; amd §197-a, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2019-2020: S6916
2021-2022: A6206, S4261

2023-A2918A - Summary

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings and authority-TMED contracts.

2023-A2918A - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2918--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 Introduced  by  M.  of  A. GRAY, BLANKENBUSH, DeSTEFANO -- read once and
   referred to the Committee on  Energy  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 AN ACT to amend the public authorities law, in relation to the amount of
   St. Lawrence county economic development power that may be used by the
   New York Power Authority to generate net earnings; and  to  amend  the
   economic development law, in relation to authority-TMED contracts
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision 24  of  section  1005  of  the
 public  authorities law, as added by chapter 545 of the laws of 2014, is
 amended to read as follows:
   (c) The authority shall establish an account to be known as the north-
 ern New York economic development fund, which shall  consist  solely  of
 net  earnings. The authority, as determined to be feasible and advisable
 by the trustees, shall deposit net earnings into the fund no  less  than
 quarterly,  provided,  however,  that  the amount of St. Lawrence county
 economic development power that may be used by the authority to generate
 net earnings shall not exceed the lesser  of  twenty  megawatts  or  the
 amount  of  St.  Lawrence county economic development power that has not
 been allocated by the authority under the  authority-TMED  contract  for
 sub-allocations,  [and  provided  further that beginning five years from
 the effective date of this subdivision, the amount of St. Lawrence coun-
 ty economic development power that may  be  used  by  the  authority  to
 generate  net  earnings  shall not exceed the lesser of ten megawatts or
 the amount of St. Lawrence county economic development  power  that  has
 not  been  allocated  by the authority under the authority-TMED contract
 for sub-allocations] OR DIRECTLY ALLOCATED BY THE AUTHORITY TO A  QUALI-
 FIED  APPLICANT  UNDER THE AUTHORITY-TMED CONTRACT, AND PROVIDED FURTHER
 THAT THE AMOUNT OF ST. LAWRENCE COUNTY ECONOMIC DEVELOPMENT  POWER  THAT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07705-02-3

co-Sponsors

2023-A2918B (ACTIVE) - Details

See Senate Version of this Bill:
S4876
Current Committee:
Assembly Energy
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L; amd §197-a, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2019-2020: S6916
2021-2022: A6206, S4261

2023-A2918B (ACTIVE) - Summary

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings and authority-TMED contracts.

2023-A2918B (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2918--B
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 Introduced  by  M.  of  A. GRAY, BLANKENBUSH, DeSTEFANO -- read once and
   referred to the Committee on  Energy  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee -- again reported from said  committee  with  amendments,  ordered
   reprinted as amended and recommitted to said committee

 AN ACT to amend the public authorities law, in relation to the amount of
   St. Lawrence county economic development power that may be used by the
   New  York  Power  Authority to generate net earnings; and to amend the
   economic development law, in relation to authority-TMED contracts
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  (c)  of  subdivision 24 of section 1005 of the
 public authorities law, as added by chapter 545 of the laws of 2014,  is
 amended to read as follows:
   (c) The authority shall establish an account to be known as the north-
 ern  New  York  economic development fund, which shall consist solely of
 net earnings. The authority, as determined to be feasible and  advisable
 by  the  trustees, shall deposit net earnings into the fund no less than
 quarterly, provided, however, that the amount  of  St.  Lawrence  county
 economic development power that may be used by the authority to generate
 net  earnings  shall  not  exceed  the lesser of twenty megawatts or the
 amount of St. Lawrence county economic development power  that  has  not
 been  allocated  by  the authority under the authority-TMED contract for
 sub-allocations, [and provided further that beginning  five  years  from
 the effective date of this subdivision, the amount of St. Lawrence coun-
 ty  economic  development  power  that  may  be used by the authority to
 generate net earnings shall not exceed the lesser of  ten  megawatts  or
 the  amount  of  St. Lawrence county economic development power that has
 not been allocated by the authority under  the  authority-TMED  contract
 for  sub-allocations]  OR  DIRECTLY ALLOCATED BY THE AUTHORITY TO ONE OR
 MORE QUALIFIED APPLICANTS UNDER THE AUTHORITY-TMED CONTRACT.   At  least
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07705-04-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.