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NY A06544
Bill
Status
4/4/2013
Primary Sponsor
Robert Oaks
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AI Summary
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Establishes the Natural Gas Infrastructure Fund to provide up to 100% funding for eligible natural gas distribution projects in rural or underserved areas for economic development purposes.
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Creates oversight structure with the Department of Public Service directing the New York State Energy Research and Development Authority to administer funding to eligible recipients.
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Prohibits projects that would bypass or displace existing local distribution companies' gas loads, unless those companies choose not to exercise their service opportunity.
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Requires Public Service Commission to establish selection criteria including assessment of customer capacity, infrastructure needs, environmental review, project costs, and compliance with state and federal laws.
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Mandates financing agreements between the Department, Authority, and recipients that include construction plans, compliance remedies, project accounts, and Department inspection rights; takes effect 90 days after enactment.
Legislative Description
Establishes the "Natural Gas Infrastructure Act"; creates the natural gas infrastructure grant fund for the purpose of subsidizing the cost of projects to extend natural gas supply facilities to rural areas for economic development purposes by the construction of natural gas distribution facilities.
Last Action
held for consideration in energy
3/19/2014