Bill Text: NY A00443 | 2023-2024 | General Assembly | Amended

---

Bill Title: Provides the New York power authority with the right of first offer and refusal for acquiring any renewable generation facility, renewable energy generation project and any power or energy created by a renewable generation facility or renewable energy generation project.

Spectrum: Partisan Bill (Democrat 16-0)

Status: (Introduced) 2024-03-07 - print number 443a [A00443 Detail]

Download: New_York-2023-A00443-Amended.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                         443--A

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     January 9, 2023
                                       ___________

        Introduced  by  M.  of  A. CARROLL, ROZIC, KIM, COLTON, SIMON, DINOWITZ,
          DICKENS,  WEPRIN,   L. ROSENTHAL,   CRUZ,   GONZALEZ-ROJAS,   BURDICK,
          MITAYNES,  SIMONE  --  Multi-Sponsored by -- M. of A. COOK, HYNDMAN --
          read once and referred to the Committee on  Corporations,  Authorities
          and  Commissions  --  recommitted  to  the  Committee on Corporations,
          Authorities and Commissions in accordance with Assembly Rule 3, sec. 2
          -- committee discharged, bill amended, ordered  reprinted  as  amended
          and recommitted to said committee

        AN ACT to amend the public service law, in relation to providing the New
          York  power  authority  with  the right of first offer and refusal for
          certain renewable  generation  facilities  and  any  power  or  energy
          created by such renewable generation facilities

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The public service law is amended by adding a  new  section
     2  28 to read as follows:
     3    §  28.  New York power authority right of first offer and refusal. The
     4  New York power authority, as established by title one of article five of
     5  the public authorities law, shall be allowed to match the purchase price
     6  of  any  renewable  generation  facility,  renewable  energy  generation
     7  project and any power or energy created by a renewable generation facil-
     8  ity  or renewable energy generation project, at the time of sale of such
     9  facility or project. In the event that the authority  decides  to  match
    10  and  offer  such  purchase price, the authority shall assume the role of
    11  the sole purchaser of the renewable generation facility, renewable ener-
    12  gy generation project or any power or  energy  created  by  a  renewable
    13  generation facility or renewable energy generation project.
    14    §  2.  Nothing in this act is intended to limit, impair, or affect the
    15  legal authority of the power authority of the state of  New  York  under
    16  any  other  provision  of title 1 of article 5 of the public authorities
    17  law.
    18    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00334-03-4