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NY A06682
Bill
Status
3/15/2017
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 this law's effective date, whichever is later.
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Surrender requirement applies to credits and attributes that accrue as a result of customer-generator's electric generating equipment or wind electric generating equipment.
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Public authorities are subject to the same surrender requirements as electric corporations for renewable energy and environmental credits and attributes.
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Requirements apply notwithstanding any existing contract or agreement to the contrary.
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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
1/3/2018