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NY S07767
Bill
Status
6/21/2012
Primary Sponsor
Catharine Young
Click for details
AI Summary
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Power Authority of New York must conduct an economic viability analysis of electric generating facilities within 90 days and recommend power purchase agreements if feasible
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Power purchase agreements must guarantee three years of operating income sufficient to maintain facilities at 90 percent of current employment levels, payrolls, and local community benefits
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Eligible facilities must meet or exceed National Emission Standards for Hazardous Air Pollutants and repower with generators achieving 48 percent efficiency, 600+ megawatts capacity, and strict emissions limits for nitrogen oxides, carbon monoxide, and sulfur dioxide
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New generating facilities must be operational by March 31, 2017 and existing generators must be safely demolished or decommissioned
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Power purchased through these agreements qualifies as Recharge New York power and may be allocated to eligible businesses under economic development law
Legislative Description
Directs the power authority to conduct an analysis of the economic viability of load producing electric generating facilities for the purpose of determining the feasibility of entering into power purchasing agreements with such facilities.
Last Action
referred to corporations, authorities and commissions
6/21/2012