Bill Text: NY A09513 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to enacting the "renewable energy credit opportunity and exchange protection act" establishing the rights of consumers and businesses to own and trade renewable energy credits.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-03-10 - referred to energy [A09513 Detail]

Download: New_York-2015-A09513-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9513
                   IN ASSEMBLY
                                     March 10, 2016
                                       ___________
        Introduced by M. of A. CRESPO -- read once and referred to the Committee
          on Energy
        AN  ACT  to  amend the public service law, in relation to the "renewable
          energy credit opportunity and exchange  protection  act"  establishing
          the  rights  of  consumers  and  businesses to own and trade renewable
          energy credits
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. This act shall be known and may be cited as the "renewable
     2  energy credit opportunity and exchange protection act".
     3    § 2. The public service law is amended by adding a new section 66-o to
     4  read as follows:
     5    § 66-o. Renewable energy credit opportunity  and  exchange  protection
     6  act.
     7    1.  Definitions.  As  used  in this section, the following terms shall
     8  have the following meanings:
     9    (a) "Renewable energy credit" or "REC" means the environmental  attri-
    10  butes  associated  with one megawatt-hour of qualified energy generation
    11  as recorded by a revenue grade meter;
    12    (b) "Net energy meter" means a net energy meter  pursuant  to  section
    13  sixty-six-j of this article;
    14    (c)  "Qualified  renewable  energy generation" means power measured in
    15  kilowatt hours generated within fifteen years of the date the  customer-
    16  generator  received permission from the electric distribution company to
    17  interconnect;
    18    (d) "Customer-generator" means a "customer-generator" eligible for net
    19  energy metering pursuant to section sixty-six-j of this article that was
    20  or is first connected to the electric system between the effective  date
    21  of this section and January 1, 2030; and
    22    (e)  "Authority" means the New York state energy research and develop-
    23  ment authority.
    24    2. Customer-generator's rights to renewable energy credits.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13827-01-6