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NY S04261

Bill

Official Source

Status

Engrossed

6/3/2021

Primary Sponsor

Joseph Griffo

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends the Public Authorities Law to modify limits on St. Lawrence County economic development power that the New York Power Authority may use to generate net earnings deposited into the Northern New York Economic Development Fund
  • Removes a provision that would have reduced the megawatt cap from 20 megawatts to 10 megawatts after five years from the effective date of the original 2014 law
  • Maintains the cap at the lesser of 20 megawatts or the amount of St. Lawrence County economic development power not allocated under the authority-TMED contract for sub-allocations
  • Preserves the requirement that at least 15 percent of net earnings be dedicated to energy-related projects, programs and services
  • Takes effect immediately upon enactment

Legislative Description

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings.

Last Action

referred to energy

5/18/2022

Committee Referrals

Energy5/18/2022
Energy and Telecommunications1/5/2022
Energy6/3/2021
Rules6/1/2021
Energy and Telecommunications2/3/2021

Full Bill Text

No bill text available