Bill Text: NY A08190 | 2017-2018 | General Assembly | Introduced


Bill Title: Requires the public service commission to adjust the zero emissions credit to account for the proportional benefits received within each energy zone attributed to the continued operation of nuclear facilities.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A08190 Detail]

Download: New_York-2017-A08190-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          8190
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      June 1, 2017
                                       ___________
        Introduced by M. of A. PAULIN -- read once and referred to the Committee
          on Energy
        AN ACT in relation to the price of zero emissions credits
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Notwithstanding any other law, rule, regulation, or  order,
     2  the  New York public service commission shall adjust the price of a zero
     3  emissions credit to account for the proportional benefits received with-
     4  in each energy zone attributed to the  continued  operation  of  nuclear
     5  facilities.  The  price  of  a  zero emissions credit shall be higher in
     6  energy zones where the proportional benefits are greater  and  lower  in
     7  energy zones where the proportional benefits are less.
     8    §  2.  The  term  "proportional  benefits" when used in this act shall
     9  include all (a) proximity advantages derived from  avoided  fossil  fuel
    10  generation within each energy zone due to the continued operation of the
    11  nuclear  facilities, (b) revenues, funds, taxes or credits received from
    12  nuclear facilities through real property tax collections or payments  in
    13  lieu  of  taxes  within  each  energy  zone, and (c) advantages acquired
    14  through employment related to the continued operation of nuclear facili-
    15  ties within each energy zone.
    16    § 3. The term "energy zone" when used  in  this  act  shall  mean  the
    17  federally designated electric bulk system operator's zone.
    18    §  4.  The  term "nuclear facilities" when used in this act shall mean
    19  the Fitzpatrick, Ginna and Nine Mile nuclear facilities.
    20    § 5. The zero emissions credit price adjustment  required  by  section
    21  one of this act shall be approved by the New York public service commis-
    22  sion on or before August 1, 2017.
    23    § 6. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13033-02-7
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