Bill Text: NY A07832 | 2019-2020 | General Assembly | Introduced

---

Bill Title: Establishes a renewable electricity compliance program and renewable energy procurements requiring seventy percent qualified renewable energy systems in use by 2030.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to energy [A07832 Detail]

Download: New_York-2019-A07832-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          7832

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      May 24, 2019
                                       ___________

        Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
          tee on Energy

        AN ACT to amend the public service law and the public  authorities  law,
          in relation to establishing a renewable electricity compliance program
          and renewable energy procurements

          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  66-p to read as follows:
     3    §  66-p.  Establishment of a renewable electricity compliance program.
     4  1. As used in this section:
     5    (a) "load serving entity" means any  entity  that  secures  energy  to
     6  serve  the  electrical  energy  requirements of end-use customers in New
     7  York state and includes  the  distribution  companies,  energy  services
     8  companies, municipal utilities, the Long Island power authority, and the
     9  New York power authority.
    10    (b)  "qualified  renewable energy systems" means systems that generate
    11  electricity or thermal energy through use of the following technologies:
    12  photovoltaics,  wind,  hydroelectric,  geothermal  electric,  geothermal
    13  ground  source  heat,  solar  thermal,  tidal energy, wave energy, ocean
    14  thermal, or fuel cells which do not utilize a fossil  fuel  resource  in
    15  the  process  of  generating  electricity,  and is either located in the
    16  state of New York or located in a control area adjacent to the New  York
    17  independent  system  operator control area and accompanied by documenta-
    18  tion of a contract path between the generator and the in-state purchaser
    19  that includes transmission rights.
    20    (c) "renewable energy credits" or "RECs" represent  the  environmental
    21  attributes  of  the electricity produced from qualified renewable energy
    22  projects and can be sold separately from the electricity itself. One REC
    23  is generated for every megawatt hour of electricity produced by a quali-
    24  fied renewable energy system.
    25    2. No later than January first, two thousand  twenty,  the  commission
    26  shall  establish  a program to require that a minimum of seventy percent
    27  of the electricity secured by load  serving  entities  for  all  end-use

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11692-01-9
        A. 7832                             2

     1  customers in New York state in two thousand thirty shall be generated by
     2  renewable energy systems.
     3    3.  The  commission  shall  set  biennial  minimum percentages for the
     4  program pursuant to the following schedule, and by December thirty-first
     5  of the year specified all load-serving entities  must  comply  with  the
     6  below percentages of the electricity they secure for end-use customers:
     7    (a) 2020: 30% from renewable energy systems;
     8    (b) 2022: 38% from renewable energy systems;
     9    (c) 2024: 46% from renewable energy systems;
    10    (d) 2026: 54% from renewable energy systems;
    11    (e) 2028: 62% from renewable energy systems; and
    12    (f) 2030: 70% from renewable energy systems.
    13    4. Specifically, all load serving entities are required to comply with
    14  the  above percentages by purchasing RECs, either from qualified renewa-
    15  ble energy projects directly or from the New York  energy  research  and
    16  development  authority  through  their  annual  sales  of  the RECs they
    17  acquire from qualified renewable energy systems  via  net-metering,  the
    18  value   of  distributed  energy  resources  program,  or  long-term  REC
    19  contracts.
    20    5. If a load serving entity fails to comply with the above percentages
    21  of the electricity they secure for end-use customers coming from  quali-
    22  fied  renewable energy projects in any given year, they will be required
    23  to pay an alternative compliance payment, which  shall  be  set  at  one
    24  hundred  twenty-five  percent  of  the  previous  year's New York energy
    25  research and development authority REC  sale  price  multiplied  by  the
    26  number  of RECs they are short of the requirement. Load serving entities
    27  shall be permitted to use any  extra  RECs  they  purchase  above  their
    28  requirement  in a given year for meeting their compliance requirement in
    29  the subsequent two years.
    30    6. As part of this program, the commission shall also:
    31    (a) Set a minimum requirement of six  thousand  megawatts  alternating
    32  current  of distributed solar to be in commercial operation in the state
    33  by December thirty-first, two thousand twenty-five, and  shall  consider
    34  this requirement in all decisions on net-metering, the value of distrib-
    35  uted energy resources, and any other related matters.
    36    (b)  Set  a minimum requirement of nine thousand megawatts alternating
    37  current of offshore wind to be in commercial operation serving the state
    38  by two thousand thirty-five.
    39    (c) Set the requirement for one hundred eighty-five  trillion  British
    40  thermal units of customer-level energy reduction state wide by two thou-
    41  sand  twenty-five, with thirty-one trillion British thermal units coming
    42  from an increase in utility-leveraged energy efficiency investments.
    43    § 2. The public authorities law is amended by  adding  a  new  section
    44  1884 to read as follows:
    45    §  1884.  Establishment  of renewable energy procurements. 1. No later
    46  than January first, two thousand twenty, the authority shall establish a
    47  program to conduct annual procurements through two thousand  thirty  for
    48  large  scale  solar  and  on-shore wind projects to enter into long-term
    49  renewable energy  credit  contracts,  indexed  renewable  energy  credit
    50  contracts,  or  bundled  contracts,  and  also publish a schedule of the
    51  planned procurement amounts and the timing for the  coming  three  years
    52  updated annually.
    53    2.  For  the purposes of this section, "renewable energy credit" shall
    54  be defined as in section sixty-six-p of the public service law.
    55    § 3. This act shall take effect immediately.