Reallocation of System Benefits Charge Funds by New York State Energy Research and Development ...
NY-ADR
6/27/07 N.Y. St. Reg. PSC-26-07-00018-P
NEW YORK STATE REGISTER
VOLUME XXIX, ISSUE 26
June 27, 2007
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-26-07-00018-P
Reallocation of System Benefits Charge Funds by New York State Energy Research and Development Authority
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed action:
The Public Service Commission is considering directing the New York State Energy Research and Development Authority (NYSERDA) to propose the reallocation of approximately $3 million of system benefits charge (SBC) funds, subject to possible reimbursement, to fund the initial development of a regional organization to carry out the regional greenhouse gas initiative (RGGI).
Statutory authority:
Public Service Law, sections 2, 5 and 66
Subject:
Reallocation of approximately $3 million of SBC funds, subject to possible reimbursement, to fund the initial development of a regional organization to carry out the RGGI.
Purpose:
To consider whether the commission should authorize the reallocation of approximately $3 million of SBC funds to fund the initial development of a regional organization to carry out the RGGI. Some or all of the money used might be subject to reimbursement to NYSERDA from the other RGGI participants.
Substance of proposed rule:
The New York State Energy Research and Development Authority (NYSERDA) is the Public Service Commission's (Commission) third-party administrator for fund related to the System Benefits Charge program (SBC). The Commission is considering, on its own motion, directing NYSERDA to propose the reallocation of approximately $3 million of uncommitted SBC funds acquired through excess interest earnings, to be used by NYSERDA to contribute to the initial development of a regional organization to carry out the Regional Greenhouse Gas Initiative (RGGI). Some or all of the money so used might be subject to reimbursement to NYSERDA from the other RGGI participants.
The Commission may approve, reject, or modify, in whole or in part, its proposal to direct NYSERDA to request the reallocation of such funds to be used to fund the development of the RGGI regional organization.
Text of proposed rule and any required statements and analyses may be obtained by filing a Document Request Form (F-96) located on our website http://www.dps.state.ny.us/f96dir.htm. For questions, contact:
Central Operations, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, (518) 474-2500
Data, views or arguments may be submitted to:
Jaclyn A. Brilling, Secretary, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, (518) 474-6530
Public comment will be received until:
45 days after publication of this notice.
Regulatory Impact Statement, Regulatory Flexibility Analysis, Rural Area Flexibility Analysis and Job Impact Statement
Statements and analyses are not submitted with this notice because the proposed rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
(05-M0090SA3)
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