Bill Text: NY S05872 | 2019-2020 | General Assembly | Introduced
Bill Title: Establishes a renewable electricity compliance program and renewable energy procurements requiring seventy percent qualified renewable energy systems in use by 2030.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S05872 Detail]
Download: New_York-2019-S05872-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5872 2019-2020 Regular Sessions IN SENATE May 16, 2019 ___________ Introduced by Sen. METZGER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law and the public authorities law, in relation to establishing a renewable electricity compliance program and renewable energy procurements The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The public service law is amended by adding a new section 2 66-p to read as follows: 3 § 66-p. Establishment of a renewable electricity compliance program. 4 1. As used in this section: 5 (a) "load serving entity" means any entity that secures energy to 6 serve the electrical energy requirements of end-use customers in New 7 York state and includes the distribution companies, energy services 8 companies, municipal utilities, the Long Island power authority, and the 9 New York power authority. 10 (b) "qualified renewable energy systems" means systems that generate 11 electricity or thermal energy through use of the following technologies: 12 photovoltaics, wind, hydroelectric, geothermal electric, geothermal 13 ground source heat, solar thermal, tidal energy, wave energy, ocean 14 thermal, or fuel cells which do not utilize a fossil fuel resource in 15 the process of generating electricity, and is either located in the 16 state of New York or located in a control area adjacent to the New York 17 independent system operator control area and accompanied by documenta- 18 tion of a contract path between the generator and the in-state purchaser 19 that includes transmission rights. 20 (c) "renewable energy credits" or "RECs" represent the environmental 21 attributes of the electricity produced from qualified renewable energy 22 projects and can be sold separately from the electricity itself. One REC EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11692-01-9S. 5872 2 1 is generated for every megawatt hour of electricity produced by a quali- 2 fied renewable energy system. 3 2. No later than January first, two thousand twenty, the commission 4 shall establish a program to require that a minimum of seventy percent 5 of the electricity secured by load serving entities for all end-use 6 customers in New York state in two thousand thirty shall be generated by 7 renewable energy systems. 8 3. The commission shall set biennial minimum percentages for the 9 program pursuant to the following schedule, and by December thirty-first 10 of the year specified all load-serving entities must comply with the 11 below percentages of the electricity they secure for end-use customers: 12 (a) 2020: 30% from renewable energy systems; 13 (b) 2022: 38% from renewable energy systems; 14 (c) 2024: 46% from renewable energy systems; 15 (d) 2026: 54% from renewable energy systems; 16 (e) 2028: 62% from renewable energy systems; and 17 (f) 2030: 70% from renewable energy systems. 18 4. Specifically, all load serving entities are required to comply with 19 the above percentages by purchasing RECs, either from qualified renewa- 20 ble energy projects directly or from the New York energy research and 21 development authority through their annual sales of the RECs they 22 acquire from qualified renewable energy systems via net-metering, the 23 value of distributed energy resources program, or long-term REC 24 contracts. 25 5. If a load serving entity fails to comply with the above percentages 26 of the electricity they secure for end-use customers coming from quali- 27 fied renewable energy projects in any given year, they will be required 28 to pay an alternative compliance payment, which shall be set at one 29 hundred twenty-five percent of the previous year's New York energy 30 research and development authority REC sale price multiplied by the 31 number of RECs they are short of the requirement. Load serving entities 32 shall be permitted to use any extra RECs they purchase above their 33 requirement in a given year for meeting their compliance requirement in 34 the subsequent two years. 35 6. As part of this program, the commission shall also: 36 (a) Set a minimum requirement of six thousand megawatts alternating 37 current of distributed solar to be in commercial operation in the state 38 by December thirty-first, two thousand twenty-five, and shall consider 39 this requirement in all decisions on net-metering, the value of distrib- 40 uted energy resources, and any other related matters. 41 (b) Set a minimum requirement of nine thousand megawatts alternating 42 current of offshore wind to be in commercial operation serving the state 43 by two thousand thirty-five. 44 (c) Set the requirement for one hundred eighty-five trillion British 45 thermal units of customer-level energy reduction state wide by two thou- 46 sand twenty-five, with thirty-one trillion British thermal units coming 47 from an increase in utility-leveraged energy efficiency investments. 48 § 2. The public authorities law is amended by adding a new section 49 1884 to read as follows: 50 § 1884. Establishment of renewable energy procurements. 1. No later 51 than January first, two thousand twenty, the authority shall establish a 52 program to conduct annual procurements through two thousand thirty for 53 large scale solar and on-shore wind projects to enter into long-term 54 renewable energy credit contracts, indexed renewable energy credit 55 contracts, or bundled contracts, and also publish a schedule of theS. 5872 3 1 planned procurement amounts and the timing for the coming three years 2 updated annually. 3 2. For the purposes of this section, "renewable energy credit" shall 4 be defined as in section sixty-six-p of the public service law. 5 § 3. This act shall take effect immediately.
