Bill Text: NY S08384 | 2021-2022 | General Assembly | Introduced

Bill Title: Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers; authorizes utility companies to own such projects.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2022-06-03 - COMMITTED TO RULES [S08384 Detail]

Download: New_York-2021-S08384-Introduced.html

                STATE OF NEW YORK


                    IN SENATE

                                    February 18, 2022

        Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on  Energy  and  Telecommuni-

        AN  ACT  to  amend  the public service law, in relation to providing net
          revenues from utility-owned large-scale renewable generation  projects
          to  low-income  customers and authorizes utility companies to own such

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Legislative findings and intent. 1. New York state recog-
     2  nizes the deleterious impacts of climate change  including  increasingly
     3  frequent catastrophic weather events.
     4    2.  Pursuant  to the New  York  state climate leadership and community
     5  protection act (CLCPA), New York  state  seeks  to  dramatically  reduce
     6  greenhouse  gas  emissions  and move its electric generation from fossil
     7  fuel-based generation to renewable-based generation. New York state  has
     8  mandated  that seventy percent of electricity come from renewable energy
     9  sources by year 2030 and one hundred percent of  electricity  come  from
    10  carbon neutral sources by 2040.
    11    3.  Further, New York state recognizes that the current pace of devel-
    12  opment of in-state renewable energy resources is  insufficient  to  meet
    13  the state's statutory renewable generation goals on schedule.
    14    4.  Because  New  York  state seeks to accomplish these energy-related
    15  goals and standards as soon as practicable allowing regulated  utilities
    16  to  own  and operate renewable generation is essential to achieving such
    17  goals and to provide a consistent and affordable supply of  carbon-free,
    18  renewably generated electricity by 2030, through 2050 and beyond.
    19    5.  New  York  state  seeks  to continue to develop in-state renewable
    20  energy projects that will drive down costs, benefit customers  receiving
    21  retail  electric  delivery  particularly  those customers who are low to
    22  moderate income.
    23    § 2. The public service law is amended by adding a new section 66-s to
    24  read as follows:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

        S. 8384                             2

     1    § 66-s. Regulated large scale renewable generation.  1.  In  order  to
     2  support  the  state in meeting state energy-related goals and standards,
     3  corporations subject to the provisions of this article providing  retail
     4  electric service shall be authorized to own and operate renewable energy
     5  generating  facilities  in  New  York  state. Such corporations shall be
     6  authorized to own and operate such facilities individually or  in  part-
     7  nership with other persons doing business in New York.
     8    2.  A  corporation  owning and operating a renewable energy generation
     9  facility pursuant to this section shall provide all  net  revenues  from
    10  such facility to low-income customers in the form of bill credits, which
    11  shall  be  in  addition  to  any other program or benefit offered by the
    12  corporation to assist such customers.
    13    3. In addition to the provisions of subdivision two of  this  section,
    14  any  renewable  energy  generating  facility owned by such a corporation
    15  shall be:
    16    (a) subject to commission oversight in order to ensure that:  (i)  the
    17  power  generated  at such facilities remains in-state for the benefit of
    18  customers and the state; (ii) the power  generated  at  such  facilities
    19  shall  not  be  exported  out-of-state; and (iii) any repowering of such
    20  generating  facilities  shall  comply  with  all  requirements  of  this
    21  section;
    22    (b)  built,  pursuant  to  a  competitive third-party bidding process,
    23  which shall be issued by the corporation;
    24    (c) subject to section sixty-six-r of this  article  and  section  two
    25  hundred twenty-four-d of the labor law; and
    26    (d)  owned  and operated in a manner that provides beneficial cost and
    27  rate impacts to customers.
    28    4. The commission shall establish a generation capacity limit for  the
    29  total  generation  capacity  owned  by  corporations  pursuant  to  this
    30  section.  The total generation capacity  shall  not  exceed  twenty-five
    31  percent of the total generation capacity needed to achieve the renewable
    32  energy goals described in section sixty-six-p of this article.
    33    5.  The  commission  shall issue such orders, rules and regulations as
    34  may be necessary and appropriate to implement this section.
    35    § 3. No later than sixty days after the effective date  of  this  act,
    36  the  public service commission shall commence a proceeding necessary and
    37  appropriate to implement the provisions of section 66-s  of  the  public
    38  service law.
    39    § 4. This act shall take effect immediately.