Bill Text: NY S03543 | 2015-2016 | General Assembly | Amended
Bill Title: Relates to providing oversight and monitoring of the operations of an independent system operator; authorizes the public service commission to provide oversight and requires annual reports on the independent system operator.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-22 - PRINT NUMBER 3543A [S03543 Detail]
Download: New_York-2015-S03543-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 3543--A 2015-2016 Regular Sessions IN SENATE February 12, 2015 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations -- recommitted to the Committee on Energy and Telecommuni- cations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public service law, in relation to providing over- sight and monitoring the operations of an independent system operator The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. 1. Definitions. For the purposes of this section, the 2 terms: 3 a. "independent system operator" shall mean any not-for-profit corpo- 4 ration formed and operating in the state of New York that is approved by 5 the United States federal energy regulatory commission to operate in the 6 state to administer and monitor wholesale electricity markets. 7 b. "end use sector member" shall mean any entity that purchases elec- 8 tricity for its own consumption and not for resale. 9 2. Board members. The board of directors of the independent system 10 operator shall include three members who shall represent the interests 11 of small business owners and farmers. The governor, the speaker of the 12 assembly and the temporary president of the senate shall each appoint 13 one such member. 14 3. Disclosure of information. a. An independent system operator oper- 15 ating in this state shall disclose price data related to its wholesale 16 market operations including, but not limited to, information on real- 17 time, hour-ahead and day-ahead bids in the independent system operator's 18 wholesale electricity market auctions, transmission congestion contract 19 auctions and installed capacity market auctions with no more than a 20 three month delay. Such data shall be provided in aggregate hourly, EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02449-02-6
