PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:

On 11/17/16, the PSC adopted an order approving New York State Energy Research and Development Authority's (NYSERDA) petition for administrative cost recovery, standardized agreements and backstop principles.

Sources and mechanisms of funding related to the Clean Energy Standard.

To promote and maintain renewable and zero-emission electric energy resources.

The Commission, on November 17, 2016, adopted an order approving New York State Energy Research and Development Authority's (NYSERDA) petition (1) for a reduced Zero-Emission Credit (ZEC) adder for the recovery of ZEC administrative costs; (2) other Renewable Energy Credit (REC) and ZEC administrative costs, reduced from the amounts initially projected by NYSERDA, to be recovered by NYSERDA from existing fund balances; (3) the form and content of standard ZEC and REC agreements to govern REC and ZEC transactions between NYSERDA and the Load-Serving Entities (LSEs); (4) principles for the electric distribution companies to provide a customer funded financial backstop guarantee mechanism to ensure payments will be made to REC and ZEC generators; and (5) to direct electric distribution companies to collaborate with NYSERDA and Staff of the Department of Public Service to develop an implementation process to effectuate the backstop mechanism, subject to the terms and conditions set forth in the order.

No changes.

John Pitucci, Public Service Commission, Three Empire State Plaza, Albany, New York, 12223, (518) 486-2655, email: [email protected] An IRS employer ID no. or social security no. is required from firms or persons to be billed 25 cents per page. Please use tracking number found on last line of notice in requests.