Source: http://open.nysenate.gov/legislation/bill/S7573A
Timestamp: 2014-03-12 02:14:01
Document Index: 774738600

Matched Legal Cases: ['§182', '§188', '§9', '§186', '§11', '§1005']

S7573A-2009 - NY Senate Open Legislation - Creates the economic benefit power program - New York State Senate
Bill S7573A-2009
Creates the economic benefit power program
Extends the expiration of the power for jobs program and the energy cost savings benefits program; creates the economic benefit power program to take over after the expiration of power for jobs and energy cost savings benefit programs.
Sponsor:Aubertine
MAZIARZ, BRESLIN, FOLEY, GRIFFO, JOHNSON C, VALESKY, BRESLIN
Law: Amd §§182, 183 & 189, add §188-a, Ec Dev L; amd §9, Chap 316 of 1997; amd §186-a, Tax L; amd §11, Chap 645 of 2006; amd §1005, Pub Auth L
May 5, 2010: referred to economic development
May 4, 2010: DELIVERED TO ASSEMBLY
May 4, 2010: PASSED SENATE
May 4, 2010: ORDERED TO THIRD READING CAL.483
May 4, 2010: REPORTED AND COMMITTED TO RULES
May 3, 2010: REPORTED AND COMMITTED TO FINANCE
Apr 28, 2010: PRINT NUMBER 7573A
Apr 28, 2010: AMEND (T) AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS
Apr 22, 2010: REFERRED TO ENERGY AND TELECOMMUNICATIONS
Aubertine, Onorato, Schneiderman, Parker, Valesky, Adams, Maziarz, Griffo, Little
Kruger, Libous, Alesi
Adams, Addabbo, Alesi, Aubertine, Bonacic, Breslin, DeFrancisco, Diaz, Dilan, Espada, Farley, Flanagan, Foley, Fuschillo, Golden, Griffo, Hannon, Hassell-Thomps, Huntley, Johnson C, Johnson O, Klein, Krueger, Kruger, Lanza, Larkin, LaValle, Leibell, Little, Marcellino, Maziarz, McDonald, Montgomery, Nozzolio, Onorato, Oppenheimer, Padavan, Parker, Peralta, Perkins, Ranzenhofer, Robach, Saland, Sampson, Savino, Schneiderman, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousins, Thompson, Valesky, Volker, Winner, Young
Duane, Libous, Stachowski
Smith, Espada, Montgomery, Hassell-Thompson, Krueger, Parker, Serrano, Stewart-Cousins, Dilan, Klein, Valesky, Skelos, Johnson O, Volker, Farley, LaValle, Seward, Hannon
Duane, Padavan, Larkin, Saland
BILL NUMBER:  S7573A TITLE OF BILL : An act to amend the economic development law, chapter 316 of the laws of 1997 amending the public authorities law and other laws relating to the provision of low cost power to foster statewide economic development; chapter 645 of the laws of 2006 amending the economic development law and other laws relating to reauthorizing the New York power authority to make contributions to the general fund; and the tax law, in relation to extending the expiration of the power for jobs program and the energy cost savings benefits program; and to amend the economic development law and the public authorities law, in relation to the creation of the economic benefit power program  PURPOSE OR GENERAL IDEA OF BILL : This legislation will extend and phase out the Power for Jobs and Energy Cost Savings Benefit Programs, and consolidate and transform those programs into a permanent Economic Benefit Power Program to provide lower cost electric power to support economic development and job retention and creation, while enhancing program oversight and refining eligibility criteria. SUMMARY OF SPECIFIC PROVISIONS : * Extends the Power for Jobs and Energy Cost Savings Benefit Programs through June 30, 2011 and then phases out those programs for current recipients over five years while making them eligible to transition to and participate in the new program;* Creates the new Economic Benefit Power Program (EBPP) beginning on July 1, 2011 to provide blended discounted market power and/or allocations of hydroelectricity to qualified businesses;* Provides for EBPP award contracts of up to seven years with the opportunity for mutually agreed annual one-year renewals for companies meeting compliance criteria and objectives;* Expands and refines award criteria to provide for consideration of, among other factors: job retention; job creation; capital investments; local economic impact and importance including any "multiplier effect"; past and committed investment in energy efficiency and/or distributed generation; character and quality of the jobs retained or committed; relative impact of energy costs to the applicants operations and competitiveness; criticality of the services provided by the applicant to the community, and; prior performance under other economic development programs;* Restructures and expands the Economic Development Power Allocation Board (EDPAB) to consist of nine members: the president of the urban development corporation who shall chair the committee; the president of NYSERDA; the president of the power authority of NYS; two appointed by the temporary president of the Senate; two appointed by the Speaker of the Assembly; and one each appointed by the minority leaders the Senate and Assembly;* Provides for reallocation of relinquished or withdrawn awards under both the existing programs and the new EBPP;* Provide for a phased five-year redeployment of a substantial portion of NYPA hydro-electric power from rural and domestic customers to the EBPP for economic development and job creation and retention; provided however that for the first two years of the EBPP, the rural and domestic customers will receive 100% of the hydro electric power cost benefits that they received in 2009i such benefits will be partially phased down over the next three years and then frozen at $40 million annually, more than half of the 2009 benefit level; * Encourages coordination and facilitation of access to the various state economic development opportunities for applicants as among EDC, EDPAB, NYPA, NYSERDA, and other arms of state government, and to facilitate as far as practicable "one-stop" shopping for applicants in accessing such programs. JUSTIFICATION : The current Power for Jobs and Energy Cost Savings Benefit Programs expire May 15, 2010. Making the state's economic benefit power programs permanent and creating the opportunity for long-term award contracts under those programs is critical to giving current and prospective business participants in these programs the certainty and stability necessary to encourage them to stay in, come to, and invest in New York State and to retain and create quality jobs essential to growing our economy. This legislation would accomplish that goal while consolidating existing programs, making access by applicants easier, smoothly transitioning current program recipients and holding-harmless current low-income residential hydro-power beneficiaries. PRIOR LEGISLATIVE HISTORY : A new bill. FISCAL IMPLICATIONS : None. The costs would be paid for by a combination of revenues raised from the sale of low-cost hydroelectric power, market power purchased by NYPA and other funds of NYPA as deemed feasible and advisable by the trustees. EFFECTIVE DATE : This legislation would be effective immediately upon being signed into law. Text
7573--A
Introduced  by  Sens.  AUBERTINE,  MAZIARZ,  BRESLIN, FOLEY, C. JOHNSON,
AN ACT to amend the economic development law, chapter 316 of the laws of
1997 amending the public authorities law and other  laws  relating  to
the  provision of low cost power to foster statewide economic develop-
ment; chapter 645 of the laws of 2006 amending the  economic  develop-
ment  law  and other laws relating to reauthorizing the New York power
authority to make contributions to the general fund; and the tax  law,
in  relation to extending the expiration of the power for jobs program
and the energy cost savings benefits program; and to amend the econom-
ic development law and the public authorities law, in relation to  the
creation of the economic benefit power program
Section 1.  Section 182 of the economic development law, as amended by
chapter 289 of the laws of 2000, is amended to read as follows:
S 182. The New York state economic development power allocation board.
There is hereby created a New  York  state  economic  development  power
allocation board, which shall possess the powers and duties herein spec-
ified  and  all the powers necessary or proper to carry out the purposes
of this article. The board shall consist of [four] NINE  members,  [two]
ONE  OF WHOM SHALL BE THE PRESI