Bill Text: NY A09873 | 2011-2012 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

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-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9873
                                 I N  A S S E M B L Y
                                    April 19, 2012
                                      ___________
       Introduced  by  M.  of  A.  GOODELL  --  Multi-Sponsored  by -- M. of A.
         AMEDORE,  BARCLAY,  BLANKENBUSH,  BOYLE,  BURLING,  BUTLER,   CERETTO,
         CORWIN,  CROUCH,  FINCH,  FRIEND,  GIGLIO, 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 Commissions
       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  and  Niagara, and as deemed feasible and advisable by the board of trus-
    5  tees, taking full consideration of the requirements and viability of the
    6  entire power generating system needs of  the  state  of  New  York  with
    7  special  consideration  of  the  ratepayers and taxpayers in Western New
    8  York, recommend entering into a purchase power agreement with the owners
    9  and operators of such facilities. Such power purchase  agreements  shall
   10  be  effective  upon the conclusion of such 90 day period and be designed
   11  to maintain said facilities power production capacities at a rate suffi-
   12  cient to ensure at least three years worth of no less than  a  level  of
   13  operating  income  necessary to allow said facilities to remain open and
   14  functioning reliably and safely and fully staffed  at  at  least  ninety
   15  percent of current employment levels, payrolls and local community bene-
   16  fits.
   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
   23  defined  in  paragraph 5 or 7 of subdivision (a) of section 188-a of the
   24  economic development law that are recommended for a  Recharge  New  York
   25  power allocation pursuant to part CC of chapter 60 of the laws of 2011.
   26    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15175-03-2