Provides incentives for energy conservation through voltage regulation; allows utility companies to recover lost revenue when installing voltage regulation devices.
STATE OF NEW YORK
________________________________________________________________________
8610
2011-2012 Regular Sessions
IN ASSEMBLY
September 21, 2011
___________
Introduced by M. of A. TITONE, LANCMAN, LUPARDO, SCHIMEL -- Multi-Spon-
sored by -- M. of A. GLICK, P. RIVERA, THIELE -- 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-n to read as follows:
3 § 66-n. 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.
LBD06186-02-1
