Senate Bill S4229

2023-2024 Legislative Session

Enacts the "New York Power Authority Public Renewables Standby Act"

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Energy And Telecommunications 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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2023-S4229 (ACTIVE) - Details

See Assembly Version of this Bill:
A6066
Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1005, 1003 & 1014, Pub Auth L

2023-S4229 (ACTIVE) - Summary

Enacts the "New York Power Authority Public Renewables Standby Act"; authorizes the power authority of the state of New York to support the goal of the climate leadership and community protection act by entering into contracts with companies, not subject to the public service commission's cost-of-service ratemaking, to procure through a competitive process the power and/or renewable energy credits from any renewable energy project in New York state; increases the number of trustees of the power authority to seventeen.

2023-S4229 (ACTIVE) - Sponsor Memo

2023-S4229 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4229
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 6, 2023
                                ___________
 
 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 authorities law, in relation to implementing
   the "New York Power Authority Public Renewables Standby Act"

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "New York Power Authority Public Renewables Standby Act".
   § 2.  Section 1005 of the public authorities law is amended by  adding
 fourteen new subdivisions 30, 31, 32, 33, 34, 35, 36, 37,  38,  39,  40,
 41, 42, and 43 to read as follows:
   30. (A) THE AUTHORITY IS AUTHORIZED TO SUPPORT THE GOAL OF THE CLIMATE
 LEADERSHIP  AND  COMMUNITY PROTECTION ACT, WHICH REQUIRES THAT A MINIMUM
 OF SEVENTY PERCENT OF THE STATEWIDE  ELECTRIC  GENERATION  TO  MEET  THE
 ELECTRICAL  ENERGY  REQUIREMENTS IN NEW YORK STATE IN THE YEAR TWO THOU-
 SAND THIRTY SHALL BE GENERATED BY RENEWABLE ENERGY SYSTEMS, BY  ENTERING
 INTO CONTRACTS WITH COMPANIES, NOT SUBJECT TO THE PUBLIC SERVICE COMMIS-
 SION'S  COST-OF-SERVICE  RATEMAKING,  TO  PROCURE  THROUGH A COMPETITIVE
 PROCESS THE POWER AND/OR RENEWABLE ENERGY  CREDITS  FROM  ANY  RENEWABLE
 ENERGY  PROJECT IN NEW YORK STATE. SUCH COMPETITIVE PROCUREMENT SHALL BE
 THROUGH AT LEAST ONE  ANNUAL  SOLICITATION  UNTIL  SUCH  TIME  THAT  THE
 AUTHORITY  HAS  PROCURED  SUFFICIENT  RENEWABLE  ENERGY AND/OR RENEWABLE
 ENERGY CREDITS TO COMPLY WITH THE RENEWABLE ENERGY TARGETS  IN  SUBDIVI-
 SIONS THIRTY-TWO, THIRTY-FOUR, THIRTY-FIVE AND FORTY OF THIS SECTION.
   (B)  WITHIN  ONE  YEAR  OF THE EFFECTIVE DATE OF THIS SUBDIVISION, AND
 BIENNIALLY THEREAFTER, THE AUTHORITY, IN CONSULTATION WITH THE NEW  YORK
 STATE  ENERGY  RESEARCH  AND  DEVELOPMENT  AUTHORITY, THE NEW YORK STATE
 DEPARTMENT OF PUBLIC SERVICE, AND THE NEW YORK STATE INDEPENDENT  SYSTEM
 OPERATOR,  SHALL  EVALUATE,  AFTER  AN  OPPORTUNITY  FOR PUBLIC COMMENT,
 WHETHER THE RENEWABLE ENERGY GOAL OF THE CLIMATE LEADERSHIP AND COMMUNI-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08865-02-3
              

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