Bill S1048A-2011

Establishes a plan to promote increased residential use of energy efficient modalities

Establishes a plan to promote increased residential use of energy efficient modalities.

Details

Actions

  • Jan 5, 2012: PRINT NUMBER 1048A
  • Jan 5, 2012: AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS
  • Jan 4, 2012: REFERRED TO ENERGY AND TELECOMMUNICATIONS
  • Jan 5, 2011: REFERRED TO ENERGY AND TELECOMMUNICATIONS

Memo

BILL NUMBER:S1048A

TITLE OF BILL: An act in relation to establishing a plan to promote increased residential use of energy efficient modalities

PURPOSE OR GENERAL IDEA OF BILL: To establish a plan to promote increased residential use of energy efficient modalities.

SUMMARY OF SPECIFIC PROVISIONS: Section 1. The president of NYSERDA and the executive director of the dormitory authority, in consultation with the chair of the public service commission, the presidents of the power authority of New York State, and Long Island and officials from one or more private electric and gas utility companies that operate with the state shall establish a plan to promote increased residential use of energy efficient modalities among customers. The plan shall be completed by December 1, 2013 and approved by NYSERDA and the Dormitory Authority, and presented to the director of budget, and the secretaries of the senate finance committee and the assembly ways and means committee.

Section 2. Elements of the plan should include an equipment and utilization plan, with a description of energy efficient modalities to be promoted, criteria for qualifying consumers, criteria for establishing a cost-benefit analysis, a marketing plan, and a financing plan.

Section 3. Pilot program implementation

Section 4. Dormitory authority bonds. They may issue its bonds and notes up to the maximum $5 million dollars for the purpose of financing the purchase of energy efficient modalities by consumers.

Section 5. Effective Date

JUSTIFICATION: Energy costs continue to rise each year, with no end in sight. The state must do everything it can to help consumers find ways to get affordable energy in this time of crisis. Establishing a plan to promote increased residential use of energy efficient modalities will have major benefits in lowering cost for consumers as well as lowering consumption.

PRIOR LEGISLATIVE HISTORY: 2009-10: S.5125A/A.5103A - Referred to Energy & Telecommunications 2008-09: A.11577 - Energy

FISCAL IMPLICATIONS: None to the state.

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 1048--A 2011-2012 Regular Sessions IN SENATE (PREFILED) January 5, 2011 ___________
Introduced by Sens. PARKER, PERKINS -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Tele- communications -- recommitted to the Committee on Energy and Telecom- munications in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to establishing a plan to promote increased residen- tial use of energy efficient modalities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Plan to promote increased use of energy efficient modali- ties. The president of the New York state energy research and develop- ment authority and the executive director of the dormitory authority, in consultation with the chair of the public service commission, the presi- dents of the power authority of the state of New York and Long Island power authority and responsible officials of one or more private elec- tric and gas utility companies that operate within the state, shall establish a plan complying with section two of this act to promote increased residential use of energy efficient modalities among customers of public and private electric and gas utilities within the state. Such plan shall be completed not later than December 1, 2013. The completed plan shall be presented to the boards of the New York state energy research and development authority and the dormitory authority. If the plan is not approved by both such boards, the president of the New York state energy research and development authority and the executive direc- tor of the dormitory authority shall work with their respective boards to amend the plan so that the boards may approve the amended plan. If both of the boards shall approve such plan, it shall be presented to the director of the budget, and the secretaries of the senate finance committee and the assembly ways and means committee and to the ranking
minority member on each such committee. If the boards shall not approve a plan by April 1, 2014, the president of the New York state energy research and development authority shall so report to the director of the budget, the temporary president of the senate and the speaker of the assembly. S 2. Elements of a plan to promote increased residential use of energy efficient modalities. The plan required to be established by section one of this act shall contain the following elements: 1. An equipment and utilization plan. Such a plan shall favor renewa- ble sources of energy and shall contain, at a minimum, the following elements separately for electrical energy efficiency, and gas and other fossil fuel energy efficiency: (a) A description of energy efficient modalities to be promoted under the plan, which description may include specific individual items of equipment, generic descriptions of types of equipment, and equipment without descriptions except for quantitative energy use reduction goals. (b) Criteria by which determinations can be made as to which energy consumers may qualify for each of the selected energy efficient modali- ties, individually or by class. Such criteria shall be based on objec- tive factors leading to the judgment that such consumers can benefit from a specific modality. (c) Criteria for establishing a cost-benefit analysis for items or types of equipment in various environments. 2. A marketing plan. Such a plan should provide overall guidance to all participants of the plan to assure appropriate penetration of the available markets for each classification of equipment. 3. A financing plan. Such a plan shall contain at a minimum the following elements: (a) A plan for raising funds from private investors to allow residen- tial consumers to purchase energy efficient modalities favored by the equipment and utilization plan, which funds can be repaid by the consum- er in monthly installments in connection with their utility bills. (b) A plan for collection and remittance of such monthly consumer installment payments for the payment of bondholders. (c) A plan for assuring repayment to bondholders by incorporating strong incentives to the consumer to make the necessary payments, or by setting up a fund to cover expected defaults, or both. S 3. Pilot program implementation. 1. Not earlier than ninety days after the submission of the plan required to be submitted by section one of this act, the dormitory authority and the New York energy research and development authority shall begin to activate the plan to promote increased residential use of energy efficient modalities as a pilot program. The authorities shall enter into an agreement with one or more private or public utilities providing electric and/or gas service. Such agreement shall establish marketing responsibilities for the approved energy savings modalities, require the utility to add the monthly installment payments for the acquisition by customers of the utility of any approved energy efficient modalities and to collect and remit such payments as required by the agreement for the repayment of bonds issued by the dormitory authority pursuant to section four of this act. The agreement shall provide for an appropriate administrative fee to be withheld by the utility to compensate it for its services. Such agree- ment shall be limited to purchases of energy saving modalities during a period not to exceed three years, provided, however, that the agreement shall provide for servicing of accounts by the utility through the life
of the bonds issued by the dormitory authority pursuant to section four of this act. 2. Not later than two years after the inception of the plan, the dormitory authority and the New York state energy research and develop- ment authority shall provide to the director of the budget, the secre- taries of the senate finance committee and assembly ways and means committee and the ranking minority member of the senate finance commit- tee and assembly ways and means committee a report detailing the progress of the program during the first eighteen months of its opera- tion. The authorities shall update the report for each three-month peri- od following the first eighteen months. S 4. Dormitory authority bonds. The dormitory authority may issue its bonds and notes up to the maximum amount of five million dollars for the purpose of financing the purchase of energy efficient modalities by consumers which bonds and notes shall be secured by a pledge of install- ment payments due from the purchasers of energy efficient modalities and payable through the cooperating utility. S 5. This act shall take effect immediately.

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