Energy Efficiency Portfolio Standard, System Benefits Charge, and Renewable Portfolio Standard ...
NY-ADR
9/25/13 N.Y. St. Reg. PSC-39-13-00020-P
NEW YORK STATE REGISTER
VOLUME XXXV, ISSUE 39
September 25, 2013
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-39-13-00020-P
Energy Efficiency Portfolio Standard, System Benefits Charge, and Renewable Portfolio Standard Funds and a Green Bank
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
The Commission is considering a proposal by the New York State Energy Research and Development Authority to reallocate and repurpose $165.6 million in uncommitted funds previously collected for other Commission programs including SBC, EEPS and RPS.
Statutory authority:
Public Service Law, sections 4(1), 5(2) and 66(1)
Subject:
Energy Efficiency Portfolio Standard, System Benefits Charge, and Renewable Portfolio Standard funds and a Green Bank.
Purpose:
To encourage the financing and development of clean energy projects.
Substance of proposed rule:
The Public Service Commission is considering whether to approve, modify or reject, in whole or in part, a petition submitted by the New York State Energy Research and Development Authority (NYSERDA) seeking to reallocate and repurpose $165.6 million in uncommitted funds previously collected from ratepayers and allocated to NYSERDA’s Energy Efficiency Portfolio Standard (EEPS) I, and System Benefits Charge (SBC) III funds, uncommitted utility EEPS I funds, and NYSERDA Renewable Portfolio Standard (RPS) funds to provide initial capitalization for the New York Green Bank (Green Bank). Proposed by Governor Cuomo in his 2013 State of the State address, the Green Bank is a $1 billion initiative intended to stimulate capital markets to finance clean energy projects. NYSERDA's petition requests $165.6 million for the initial operations of the Green Bank. As indicated in the Notice Soliciting Comments and Notice of Technical Conference issued on September 13, 2013 in Case 13-M-0412, the Commission is seeking comments regarding all the matters and issues raised by or related to NYSERDA’s petition.
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.ny.gov/f96dir.htm. For questions, contact:
Deborah Swatling, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2659, email: [email protected]
Data, views or arguments may be submitted to:
Kathleen H. Burgess, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email: [email protected]
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.
(13-M-0412SP1)
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