Bill Text: NY S09195 | 2021-2022 | General Assembly | Introduced

Bill Title: Requires any gas or electric provider of last resort to publicly notice each purchase of electricity supply, energy or capacity, within seven days of purchase and report it to the department.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2022-05-12 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S09195 Detail]

Download: New_York-2021-S09195-Introduced.html

                STATE OF NEW YORK


                    IN SENATE

                                      May 12, 2022

        Introduced  by Sen. HARCKHAM -- 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 and the public authorities law,
          in relation to requiring utility service  providers  to  disclose  and
          report third-party contracts within a certain amount of time

          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  28 to read as follows:
     3    §  28.  Notice  for  third-party contracts.   Any gas provider of last
     4  resort or electric provider of last resort shall  publicly  notice  each
     5  purchase of electricity supply, energy or capacity, within seven days of
     6  purchase.  The  utility shall report the following to the department for
     7  immediate posting of any third-party supply  purchase:  the  price,  the
     8  quantity purchased, and the start and end dates of the contract.
     9    §  2.  Section  1020-cc  of  the  public authorities law is amended by
    10  adding a new subdivision 3 to read as follows:
    11    3. Service providers shall be subject to  the  provisions  of  section
    12  twenty-eight of the public service law.
    13    § 3. This act shall take effect on the one hundred eightieth day after
    14  it shall have become a law.

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