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NY S07937

Bill

Official Source

Status

Introduced

5/26/2016

Primary Sponsor

Patricia Ritchie

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Authorizes the New York State Energy Research and Development Authority (NYSERDA) to spend up to $100 million from carbon dioxide emission allowance auction proceeds by March 31, 2017
  • Funds must come from allowances allocated by the Department of Environmental Conservation for the state fiscal year beginning April 1, 2016
  • Money will support an expedited program to provide financial assistance to nuclear power plants that lack financial viability without additional support
  • Program is contingent pending a final order from the Public Service Commission in case 15-E-0302
  • Takes effect immediately upon enactment

Legislative Description

Authorizes NYSERDA to expend an amount not to exceed one hundred million dollars from proceeds collected from the auction at sale of carbon dioxide emission allowances.

Last Action

COMMITTED TO RULES

6/17/2016

Committee Referrals

Rules6/17/2016
Energy and Telecommunications5/26/2016

Full Bill Text

No bill text available