Bill Text: NY S03219 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides incentives for energy conservation through voltage regulation; allows utility companies to recover lost revenue when installing voltage regulation devices.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S03219 Detail]

Download: New_York-2011-S03219-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3219
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   February 14, 2011
                                      ___________
       Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
         printed to be committed to the Committee on  Energy  and  Telecommuni-
         cations
       AN  ACT to amend the public service law, in relation to providing incen-
         tives for energy conservation through voltage regulation
         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-m to read as follows:
    3    S 66-M. VOLTAGE REGULATION. 1. FOR PURPOSES OF THIS  SECTION  "VOLTAGE
    4  REGULATION  DEVICE"  SHALL  MEAN  VOLTAGE  REGULATION TECHNOLOGIES WHICH
    5  RAISE OR LOWER VOLTAGE DYNAMICALLY AND ARE NINETY-NINE PERCENT  OR  MORE
    6  EFFICIENT ACROSS AT LEAST NINETY PERCENT OF THE ELECTRIC LOAD CURVE.
    7    2.  ELECTRIC UTILITIES MAY RECOVER THE CAPITAL AND OPERATING COSTS AND
    8  EARN A FIFTEEN PERCENT RATE OF RETURN IN THE  UTILITY'S  RATE  BASES  ON
    9  INVESTMENTS AND INSTALLATIONS OF VOLTAGE REGULATION DEVICES.
   10    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06186-01-1