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NY A03071

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Matthew Titone

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends public service law by adding Section 66-O regarding voltage regulation incentives for energy conservation
  • Defines voltage regulation devices as technologies that dynamically raise or lower voltage with at least 99 percent efficiency across at least 90 percent of the electric load curve
  • Allows electric utilities to recover capital and operating costs plus earn a 15 percent rate of return on investments and installations of voltage regulation devices
  • Takes effect immediately upon enactment

Legislative Description

Provides incentives for energy conservation through voltage regulation; allows utility companies to recover lost revenue when installing voltage regulation devices.

Last Action

referred to energy

1/6/2016

Committee Referrals

Energy1/22/2015

Full Bill Text

No bill text available