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NY A07423

Bill

Official Source

Status

Introduced

4/25/2017

Primary Sponsor

Matthew Titone

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Amends Public Service Law by adding Section 66-o to establish regulations for voltage regulation devices
  • Defines "voltage regulation device" as technology that dynamically raises or lowers 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 for voltage regulation device investments and installations through their rate bases
  • Permits utilities to earn a 15 percent rate of return on voltage regulation device investments
  • 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

1/3/2018

Committee Referrals

Energy4/25/2017

Full Bill Text

No bill text available