Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
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Jan 08, 2014 |
referred to corporations, authorities and commissions |
Jan 25, 2013 |
referred to corporations, authorities and commissions |
Senate Bill S2936
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2013-S2936 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities
- Versions Introduced in 2011-2012 Legislative Session:
-
S3668
2013-S2936 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2936 TITLE OF BILL: An act to authorize the Long Island power authority to impose time of day rates and charges for the furnishing or rendition of gas or electric power PURPOSE: To reduce electricity costs, ensure the stability of New York's electric grid, and protect the environment by requiring Long Island Power Authority rates to reflect shifts in the cost of electric- ity production throughout the day. SUMMARY OF PROVISIONS: Section one requires the Long Island Power Authority to fix its rates based upon the time of day during which power or services are rendered, upon the expiration of current rates. Section two provides that this act shall take effect immediately. JUSTIFICATION: It is axiomatic that any truly competitive market depends upon an equality in bargaining power between buyers and sellers. Such equality, in turn, requires the parties to have full knowledge of the circumstances surrounding the purchase. This rule is applicable to the newly-deregulated electric industry to the same extent as any other industry. In order for electricity custom-
2013-S2936 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2936 2013-2014 Regular Sessions I N S E N A T E January 25, 2013 ___________ Introduced by Sen. HANNON -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to authorize the Long Island power authority to impose time of day rates and charges for the furnishing or rendition of gas or elec- tric power THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any provision of law to the contrary, upon the expiration of the existing limitations upon the rates and charges which may be imposed by the Long Island power authority for the furnish- ing or rendition of gas or electric power or of any related service, such authority shall, consistent with the provisions of subdivision (u) of section 1020-f and subdivision 6 of section 1020-k of the public authorities law, as added by chapter 517 of the laws of 1986, fix such rates and charges based upon the time of day of the furnishing or rendi- tion of such power or services. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05784-01-3
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