Compliance Payment Modifications

NY-ADR

8/2/17 N.Y. St. Reg. PSC-07-17-00012-A
NEW YORK STATE REGISTER
VOLUME XXXIX, ISSUE 31
August 02, 2017
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
 
I.D No. PSC-07-17-00012-A
Filing Date. Jul. 14, 2017
Effective Date. Jul. 14, 2017
Compliance Payment Modifications
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 7/13/17, the PSC adopted an order modifying compliance payments of Liberty Power Holdings, LLC (Liberty) approved in the November 17, 2016 Order Approving Administrative Cost Recovery, Standardized Agreements and Backstop Principles (Order).
Statutory authority:
Public Service Law, sections 4(1), 5(1), 5(2) and 66(2); Energy Law, section 6-104(5)(b)
Subject:
Compliance payment modifications.
Purpose:
To modify compliance payments of Liberty approved in the Order.
Substance of final rule:
The Commission, on July 13, 2017, adopted an order modifying compliance payments of Liberty Power Holdings, LLC (Liberty) approved in the November 17, 2016 Order Approving Administrative Cost Recovery, Standardized Agreements and Backstop Principles (Order). The New York State Energy Research and Development Authority (NYSERDA) is directed to suspend 35% of Liberty’s April 1, 2017 through March 31, 2018 Zero Emissions Credits (ZEC) compliance obligation monthly payments beginning with the August 2017 payment. NYSERDA is also directed to absorb the ZEC revenue shortfall that will result from the suspension of a portion of Liberty’s ZEC obligation until the ZEC reconciliation occurs in September 2018. Upon the close of the first reconciliation period for the Zero Emissions Credit Program, Staff, in consultation with NYSERDA, shall review the results of the reconciliations to determine if programmatic changes in calculating load serving entity (LSE) loads for future compliance periods are warranted, subject to the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
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.
Assessment of Public Comment
An assessment of public comment is not submitted with this notice because the rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
(15-E-0302SA26)
End of Document