Provides incentives for energy conservation through voltage regulation; allows utility companies to recover lost revenue when installing voltage regulation devices.
STATE OF NEW YORK
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9451
IN ASSEMBLY(Prefiled)
January 6, 2010
___________
Introduced by M. of A. BING, LANCMAN, STIRPE, TITONE, LUPARDO, FIELDS --
Multi-Sponsored by -- M. of A. DESTITO, HYER-SPENCER, O'DONNELL, PHEF-
FER -- read once and referred to the Committee on Energy
AN ACT to amend the public service law, in relation to providing incen-
tives for energy conservation through voltage regulation
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-m to read as follows:
3 § 66-m. Voltage regulation. 1. For purposes of this section "voltage
4 regulation device" shall mean voltage regulation technologies which
5 raise or lower voltage dynamically and are ninety-nine percent or more
6 efficient across at least ninety percent of the electric load curve.
7 2. Electric utilities may recover the capital and operating costs and
8 earn a fifteen percent rate of return in the utility's rate bases on
9 investments and installations of voltage regulation devices.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14843-01-9
