Requires the development of a generation attribute certification and tracking system by the New York State energy research and development authority; defines generation attribute certificate.
TITLE OF BILL: An act to amend the public authorities law, in relation to requiring the development of a generation attribute tracking system by the New York state energy research and development authority
PURPOSE: The purpose of this bill is to prepare a tracking system for generation attribute certificates. As New York State moves closer to a market system in which energy is bought and sold through a certificate mechanism, it is important to track the creation of the energy generated. as well as when this energy is bought and sold in the marketplace to ensure the credibility of the generation attribute certificate market.
SUMMARY OF PROVISIONS: This bill amends section 1851 of the public authorities law by adding a new subdivision 18, and amends section 1854 of the public authorities law by adding a new subdivision 19.
JUSTIFICATION: This legislation requires the New York State Energy Research and Development Agency NYSERDA) to establish a tracking system for generation attribute certificates, which are defined as "the environmental, vintage and other attributes associated with the generation of kilowatt hours and/or megawatt-hours of electrical energy". NYSERDA will be required to consult with the Department of Public Service in the development of this tracking system. As New York, and the country. moves toward a market based system to stimulate renewable energy generation, New York State must begin to develop the infrastructure necessary to successfully monitor the sale and trade of this commodity.
LEGISLATIVE HISTORY: This is a new bill.
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 3872--C 2011-2012 Regular Sessions IN SENATE March 8, 2011 ___________Introduced by Sens. MAZIARZ, DUANE, PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommunications -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported favorably from said committee and committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Energy and Telecommunications 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 authorities law, in relation to requiring the development of a generation attribute tracking system by the New York state energy research and development authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1851 of the public authorities law is amended by adding a new subdivision 18 to read as follows: 18. "GENERATION ATTRIBUTE CERTIFICATES" SHALL MEAN THE ENVIRONMENTAL, VINTAGE AND OTHER ATTRIBUTES ASSOCIATED WITH THE GENERATION OF KILO- WATT-HOURS AND/OR MEGAWATT-HOURS OF ELECTRICAL ENERGY. GENERATION ATTRI- BUTE CERTIFICATES SHALL EXIST AS A COMMODITY SEPARATE AND APART FROM KILOWATT-HOURS AND/OR MEGAWATT-HOURS. S 2. Section 1854 of the public authorities law is amended by adding a new subdivision 19 to read as follows: 19. TO, ON ITS OWN OR THROUGH A QUALIFIED ENTITY, DIRECTLY OR INDI- RECTLY, AND IN CONSULTATION WITH THE DEPARTMENT OF PUBLIC SERVICE: (A) DEVELOP AND ADMINISTER A GENERATION ATTRIBUTE TRACKING SYSTEM THAT RECORDS GENERATION ATTRIBUTE INFORMATION WITHIN THE STATE, AND PROCESSES GENERATION ATTRIBUTE INFORMATION FROM ENERGY OUTSIDE THE STATE THAT IS IMPORTED TO AND CONSUMED WITHIN THE STATE, AS A BASIS FOR CREATING GENERATION ATTRIBUTE CERTIFICATES;EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10062-07-1 S. 3872--C 2
(B) ASSIGN INITIAL OWNERSHIP OF GENERATION ATTRIBUTE CERTIFICATES; (C) PROVIDE FOR THE TRANSFER OR CONVEYANCE, OWNERSHIP AND RETIREMENT OF GENERATION ATTRIBUTE CERTIFICATES; (D) OBTAIN GENERATION, DELIVERY AND CONSUMPTION INFORMATION FROM INDE- PENDENT SYSTEM OPERATORS, GENERATORS, PUBLIC UTILITY COMPANIES, AND RETAIL LOAD-SERVING ENTITIES PRODUCING, DELIVERING OR SELLING ELECTRIC- ITY IN THE STATE, INCLUDING, BUT NOT LIMITED TO, "ELECTRIC CORPORATIONS" AS DEFINED UNDER SUBDIVISION THIRTEEN OF SECTION TWO OF THE PUBLIC SERVICE LAW, "COOPERATIVES" AS DEFINED UNDER SUBDIVISION (A) OF SECTION TWO OF THE RURAL ELECTRIC COOPERATIVE LAW, AND ANY PUBLICLY- OR MUNICI- PALLY-OWNED UTILITIES, INCLUDING THE POWER AUTHORITY OF THE STATE OF NEW YORK AND THE LONG ISLAND POWER AUTHORITY, DEEMED NECESSARY BY THE AUTHORITY TO VERIFY OR SUPPLEMENT SUCH GENERATION ATTRIBUTE TRACKING SYSTEM; (E) FACILITATE PARTICIPATION IN, AND USE OF, SUCH GENERATION ATTRIBUTE TRACKING SYSTEM BY BUYERS, SELLERS AND BROKERS WITH RESPECT TO THE OWNERSHIP, TRANSFER OR CONVEYANCE, AND RETIREMENT OF GENERATION ATTRI- BUTE CERTIFICATES; AND (F) PERFORM SUCH ADDITIONAL ACTIVITIES AS MAY BE DEEMED NECESSARY BY THE AUTHORITY TO ENSURE COOPERATION AND THE SMOOTH EXCHANGE OF INFORMA- TION AMONG AND BETWEEN THE GENERATION ATTRIBUTE TRACKING SYSTEM AND SIMILAR SYSTEMS WITHIN OR OUTSIDE THE STATE. S 3. This act shall take effect immediately.