Bill Text: NY A09873 | 2011-2012 | General Assembly | Amended
Bill Title: Requires the power authority to conduct an analysis of the economic viability of certain electric generating facilities.
Spectrum: Partisan Bill (Republican 31-0)
Status: (Introduced - Dead) 2012-05-15 - print number 9873a [A09873 Detail]
Download: New_York-2011-A09873-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
9873--A
I N A S S E M B L Y
April 19, 2012
___________
Introduced by M. of A. GOODELL, CERETTO -- Multi-Sponsored by -- M. of
A. AMEDORE, BARCLAY, BLANKENBUSH, BOYLE, BURLING, BUTLER, CORWIN,
CROUCH, FINCH, FRIEND, GRAF, HANNA, HAWLEY, JOHNS, KATZ, LOSQUADRO,
MALLIOTAKIS, McDONOUGH, McLAUGHLIN, D. MILLER, MONTESANO, MURRAY,
OAKS, PALMESANO, RABBITT, SMARDZ, TENNEY, TOBACCO, WALTER -- read once
and referred to the Committee on Corporations, Authorities and Commis-
sions -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to require the power authority to conduct an analysis of the
economic viability of certain electric generating facilities
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Within 90 days, the power authority of the state of New
2 York shall conduct an analysis of the current economic viability of load
3 producing electric generating facilities in the counties of Chautauqua,
4 Tompkins and Niagara, and as deemed feasible and advisable by the board
5 of trustees, taking full consideration of the requirements and viability
6 of the entire power generating system needs of the state of New York
7 with special consideration of the ratepayers and taxpayers in Western
8 New York, recommend entering into a purchase power agreement with the
9 owners and operators of such facilities. Such power purchase agreements
10 shall be effective upon the conclusion of such 90 day period and be
11 designed to maintain said facilities power production capacities at a
12 rate sufficient to ensure at least three years worth of no less than a
13 level of operating income necessary to allow said facilities to remain
14 open and functioning reliably and safely and fully staffed at at least
15 ninety percent of current employment levels, payrolls and local communi-
16 ty benefits.
17 S 2. Notwithstanding any limitations or conditions contained in para-
18 graph 8 of subdivision (a) and paragraph 7 of subdivision (c) of section
19 188-a of the economic development law, any power purchased by the power
20 authority of the state of New York pursuant to section one of this act
21 shall be considered Recharge New York power, and shall be utilized to
22 augment Recharge New York power allocations for eligible businesses as
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15175-07-2
A. 9873--A 2
1 defined in paragraph 5 or 7 of subdivision (a) of section 188-a of the
2 economic development law that are recommended for a Recharge New York
3 power allocation pursuant to part CC of chapter 60 of the laws of 2011.
4 S 3. This act shall take effect immediately.
