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NY A02998
Bill
Status
1/20/2015
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 whose equipment generated them
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Surrender must occur within two years of equipment installation or within one year of the law's effective date, whichever is later
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Requirements apply notwithstanding any existing contracts or agreements to the contrary
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Public authorities generating power are subject to the same surrender requirements as electric corporations
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Effective date is 60 days after the bill becomes 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
1/6/2016