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NY S07868
Bill
Status
1/3/2024
Primary Sponsor
Rachel May
Click for details
AI Summary
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Defines "grid enhancing technology" to include dynamic line rating, advanced power flow control, topology optimization, and advanced reconductoring for improving electric transmission system performance.
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Authorizes the Public Service Commission to approve cost-effectiveness analyses comparing grid enhancing technologies and advanced reconductoring against traditional capital improvements for transmission system upgrades.
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Allows electric corporations to propose performance incentive mechanisms providing financial incentives for cost-effective deployment of grid enhancing technologies or advanced reconductoring.
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Requires electric corporations to report to the bulk system operator and Public Service Commission every five years beginning five years after the law's effective date on grid enhancing technology and advanced reconductoring deployments.
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Grants the Public Service Authority similar authority to conduct cost-effectiveness analyses and deploy grid enhancing technologies or advanced reconductoring for transmission facilities it constructs or upgrades.
Legislative Description
Relates to advancing grid enhancement technologies; allows the department of public service to approve requests from distribution companies to develop grid enhancement technologies; requires distribution companies to submit a compliance filing report every 5 years.
Last Action
SUBSTITUTED BY A9105A
6/7/2024