New York State Assembly

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A08589 Summary:

BILL NO	A08589
SAME AS	No Same As
SPONSOR	Crespo
COSPNSR
MLTSPNSR
Add §66-o, Pub Serv L
Relates to enacting the "renewable energy credit opportunity and exchange protection act" establishing the rights of consumers and businesses to own and trade renewable energy credits.

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A08589 Actions:

BILL NO	A08589
07/10/2017	referred to energy
01/03/2018	referred to energy

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A08589 Committee Votes:

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A08589 Floor Votes:

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A08589 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8589
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                      July 10, 2017
                                       ___________
 
        Introduced by M. of A. CRESPO -- read once and referred to the Committee
          on Energy
 
        AN  ACT  to  amend the public service law, in relation to the "renewable
          energy credit opportunity and exchange  protection  act"  establishing
          the  rights  of  consumers  and  businesses to own and trade renewable
          energy credits

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. This act shall be known and may be cited as the "renewable
     2  energy credit opportunity and exchange protection act".
     3    § 2. The public service law is amended by adding a new section 66-o to
     4  read as follows:
     5    § 66-o. Renewable energy credit opportunity  and  exchange  protection
     6  act.
     7    1.  Definitions.  As  used  in this section, the following terms shall
     8  have the following meanings:
     9    (a) "Renewable energy credit" or "REC" means the environmental  attri-
    10  butes  associated  with one megawatt-hour of qualified energy generation
    11  as recorded by a revenue grade meter;
    12    (b) "Net energy meter" means a net energy meter  pursuant  to  section
    13  sixty-six-j of this article;
    14    (c)  "Qualified  renewable  energy generation" means power measured in
    15  kilowatt hours generated within fifteen years of the date the  customer-
    16  generator  received permission from the electric distribution company to
    17  interconnect;
    18    (d) "Customer-generator" means a "customer-generator" eligible for net
    19  energy metering pursuant to section sixty-six-j of this article that was
    20  or is first connected to the electric system between the effective  date
    21  of this section and January 1, 2031; and
    22    (e)  "Authority" means the New York state energy research and develop-
    23  ment authority.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04273-01-7
        A. 8589                             2
 
     1    2. Customer-generator's rights to renewable energy credits.
     2    (a)  Notwithstanding any other provision of law to the contrary or any
     3  contract or agreement to the contrary, a customer-generator  shall  have
     4  full rights of ownership of renewable energy credits.
     5    (b)  A  customer-generator shall have the unqualified right to sell or
     6  transfer renewable energy credits arising from the  qualified  renewable
     7  energy generation.
     8    3. Recording, tracking and transferring renewable energy credits.
     9    (a)  A  generation attribute tracking system established under section
    10  eighteen hundred fifty-four of the public authorities law  shall  permit
    11  customer-generators  to  record  his  or  her  qualified  generation and
    12  provide for the transfer or conveyance of ownership of his or her renew-
    13  able energy credits.
    14    (b) A customer-generator may register  his  or  her  renewable  energy
    15  credits with one of the following:
    16    (i) ERCOT: electric reliability council of Texas;
    17    (ii) MIRECS: Michigan renewable energy certification system;
    18    (iii) M-RETS: Midwest renewable energy tracking system;
    19    (iv) NAR: North American renewables registry;
    20    (v) NC-RETS: North Carolina renewable energy tracking system;
    21    (vi) NEPOOL-GIS: New England power pool generation information system;
    22    (vii) NVTREC: Nevada tracks renewable energy credits;
    23    (viii) PJM-GATS: pjm eis's generation attribute tracking system;
    24    (ix)  WREGIS:  western renewable energy generation information system;
    25  or
    26    (x) another credible attribute tracking system approved for use by the
    27  authority.
    28    (c) A customer-generator shall adhere to the rules and regulations  of
    29  the appropriate tracking system.
    30    (d) A customer-generator may only sell a renewable energy credit once.
    31    § 3. This act shall take effect immediately.

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