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NY A06398
Bill
Status
3/26/2013
Primary Sponsor
Steven Englebright
Click for details
AI Summary
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Electric corporations must surrender ownership of renewable energy credits, solar renewable energy credits, green building credits, tradeable renewable certificates, and environmental credits to customer-generators within two years of equipment installation or one year of the law's effective date, whichever is later
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Requirement applies to renewable energy credits accrued from customer-generators' electric generating equipment and wind electric generating equipment
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Provisions override any existing contracts or agreements between electric corporations and customer-generators
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Public authorities generating power are subject to the same requirements to surrender renewable energy credits and attributes to customer-generators
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Act takes effect 60 days after becoming law
Legislative Description
Requires electric corporations and power authorities to surrender renewable energy credits and attributes, solar renewable energy credits, green building credits, tradeable renewable certificates, and environmental credits to customer-generators.
Last Action
referred to energy
1/8/2014