Bill S7526-2013

Enacts the New York Renewable Portfolio Standard Act of 2014

Enacts the "New York Renewable Portfolio Standard Act of 2014".

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  • May 15, 2014: REFERRED TO ENERGY AND TELECOMMUNICATIONS

Memo

BILL NUMBER:S7526

TITLE OF BILL: An act to amend the public service law, in relation to enacting the "New York Renewable Portfolio Standard Act of 2014"

PURPOSE:

To deepen the State of New York's commitment to promotion of the development of new renewable energy generation resources.

SUMMARY OF PROVISIONS:

Section One of the bill is the short title.

Section Two creates the legislative intent.

Section Three provides for codification of the renewable portfolio standard and establishes specific goals.

Section provides that this act shall take effect immediately.

JUSTIFICATION:

New York's renewable portfolio standard (RPS) is the state's primary policy tool to promote the development and use of new renewable energy generation resources. For reasons encompassing the effects of climate-change driven storm and other extreme weather events upon the state, and to shore up New York's energy independence, the Public Service Commission established the RPS in 2004, and subsequent governors and legislatures have supported the policy and from time to time, increased the policy's goals.

It has become clear that the state of New York's economy would be improved by creating a domestic renewable energy manufacturing and/or research and development industry. One way to do so is by increasing the state's use of renewable energy and setting a goal reasonably calculated to send market signals to solar, wind, hydroelectric, tidal, biomass and other alternative and renewal energy producers and manufacturers, incentivizing them to locate production facilities in New York.

LEGISLATIVE HISTORY:

None. This is a new bill.

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 7526 IN SENATE May 15, 2014 ___________
Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law, in relation to enacting the "New York Renewable Portfolio Standard Act of 2014" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "New York Renewable Portfolio Standard Act of 2014". S 2. Legislative intent and findings. The renewable portfolio standard (RPS) has been New York's primary policy initiative to promote the development of new renewable energy resources since it was established in 2004. The 2002 state energy plan warned of the possible consequences of New York's fossil fuel dependency, noting that the state's primary sources of energy have significant long-term environmental effects and ultimately face depletion. In establishing the renewable portfolio stan- dard, the public service commission recognized these concerns, among others, and stated they were concerned with the effects on our climate of fossil-fired generation and the security implications of importing from out of state much of the fuel needed to supply New York's electric- ity needs. S 3. Section 5 of the public service law is amended by adding a new subdivision 7 to read as follows: 7. A. FOR THE PURPOSE OF THIS SUBDIVISION THE TERM "RENEWABLE PORTFO- LIO STANDARD" MEANS THE RENEWABLE ENERGY POLICY ESTABLISHED BY THE DEPARTMENT. B. THE RENEWABLE PORTFOLIO STANDARD FOR THE STATE SHALL INCLUDE A GOAL FOR RENEWABLE RESOURCES OF 37.5 PERCENT BY THE YEAR TWO THOUSAND TWENTY OF NEW YORK'S PROJECTED TOTAL ELECTRICAL ENERGY LOAD. C. THE RENEWABLE PORTFOLIO STANDARD FOR THE STATE SHALL INCLUDE A GOAL FOR RENEWABLE RESOURCES OF FIFTY PERCENT BY THE YEAR TWO THOUSAND THIRTY OF NEW YORK'S PROJECTED TOTAL ELECTRICAL ENERGY LOAD.
D. THE RENEWABLE PORTFOLIO STANDARD FOR THE STATE SHALL INCLUDE A GOAL FOR RENEWABLE RESOURCES OF EIGHTY PERCENT BY THE YEAR TWO THOUSAND FIFTY OF NEW YORK'S PROJECTED TOTAL ELECTRICAL ENERGY LOAD. E. THE PUBLIC SERVICE COMMISSION SHALL PURSUE POLICIES AND TARGETS CONSISTENT WITH THE RENEWABLE PORTFOLIO STANDARD GOALS SET FORTH IN THIS CHAPTER. S 4. This act shall take effect immediately.

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