Provides the New York power authority with the right of first offer and refusal for acquiring any renewable generation facility, renewable energy generation project and any power or energy created by a renewable generation facility or renewable energy generation project.
STATE OF NEW YORK
________________________________________________________________________
443--A
2023-2024 Regular Sessions
IN ASSEMBLY
January 9, 2023
___________
Introduced by M. of A. CARROLL, ROZIC, KIM, COLTON, SIMON, DINOWITZ,
DICKENS, WEPRIN, L. ROSENTHAL, CRUZ, GONZALEZ-ROJAS, BURDICK,
MITAYNES, SIMONE -- Multi-Sponsored by -- M. of A. COOK, HYNDMAN --
read once and referred to the Committee on Corporations, Authorities
and Commissions -- recommitted to the Committee on Corporations,
Authorities and Commissions in accordance with Assembly Rule 3, sec. 2
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT to amend the public service law, in relation to providing the New
York power authority with the right of first offer and refusal for
certain renewable generation facilities and any power or energy
created by such renewable generation facilities
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 28 to read as follows:
3 § 28. New York power authority right of first offer and refusal. The
4 New York power authority, as established by title one of article five of
5 the public authorities law, shall be allowed to match the purchase price
6 of any renewable generation facility, renewable energy generation
7 project and any power or energy created by a renewable generation facil-
8 ity or renewable energy generation project, at the time of sale of such
9 facility or project. In the event that the authority decides to match
10 and offer such purchase price, the authority shall assume the role of
11 the sole purchaser of the renewable generation facility, renewable ener-
12 gy generation project or any power or energy created by a renewable
13 generation facility or renewable energy generation project.
14 § 2. Nothing in this act is intended to limit, impair, or affect the
15 legal authority of the power authority of the state of New York under
16 any other provision of title 1 of article 5 of the public authorities
17 law.
18 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00334-03-4
