Bill Text: NY A07051 | 2017-2018 | General Assembly | Introduced

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Bill Title: Relates to the general powers of the Long Island office of the department of public service to review the rates and charges of the Long Island power authority.

Spectrum: Bipartisan Bill

Status: (Passed) 2017-12-18 - signed chap.479 [A07051 Detail]

Download: New_York-2017-A07051-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7051
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                     March 29, 2017
                                       ___________
        Introduced  by M. of A. THIELE, ENGLEBRIGHT, LUPINACCI, MONTESANO, McDO-
          NOUGH, MURRAY,  RA,  McKEVITT,  GRAF,  CURRAN,  HOOPER,  GARBARINO  --
          Multi-Sponsored by -- M. of A. RAIA, SOLAGES -- read once and referred
          to the Committee on Corporations, Authorities and Commissions
        AN  ACT  to  amend  the  public  service law, in relation to the general
          powers of the Long Island office of the department of  public  service
          to review the rates and charges of the Long Island Power Authority
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (a) of subdivision 3 of section 3-b of the public
     2  service law, as added by section 1 of part A of chapter 173 of the  laws
     3  of 2013, is amended to read as follows:
     4    (a)  Review  and  make recommendations to the board of the Long Island
     5  power authority with respect to the rates and charges, including charges
     6  related to energy efficiency and renewable energy programs, to be estab-
     7  lished by the authority and become applicable on or after January first,
     8  two thousand sixteen pursuant to subdivision (u) of section one thousand
     9  twenty-f of the public authorities law.
    10    (i) The purpose of such review is to make recommendations designed  to
    11  ensure  that  the  authority  and  the service provider provide safe and
    12  adequate transmission and distribution  service  at  rates  set  at  the
    13  lowest level consistent with sound fiscal operating practices.
    14    (ii) The department's recommendations shall be designed to be consist-
    15  ent  with  ensuring  that  the revenue requirements related to such rate
    16  review are  sufficient  to  satisfy  the  authority's  obligations  with
    17  respect to its bonds, notes and all other contracts.
    18    (iii)  [In the context of such review, the department may not make any
    19  recommendation that would  modify  the  compensation  or  fee  structure
    20  included  within  the  operations services agreement]  In the context of
    21  such review, the department may make recommendations with regard to  the
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10799-01-7
        A. 7051                             2
     1  compensation  or  fee  structure included within the operations services
     2  agreement.
     3    (iv)  In undertaking such review and in making recommendations related
     4  to the proposed rates and charges, the department shall establish stand-
     5  ards, policies and procedures that, at a  minimum,  provide  for  public
     6  statement  and evidentiary hearings and participation of intervenors and
     7  other parties, and ensure that any final recommendations related to  the
     8  proposed  rates  and  charges  are  provided to the authority within two
     9  hundred forty days of the filing with the department of such plan.
    10    (v) The parties to any such rate review proceeding shall include,  but
    11  not be limited to, department staff, the authority, the service provider
    12  and, to the extent it deems necessary or appropriate, the utility inter-
    13  vention unit.
    14    § 2. This act shall take effect immediately.