Petition for Modification of Certain Tier 1 Agreements
NY-ADR
12/9/20 N.Y. St. Reg. PSC-32-20-00010-A
NEW YORK STATE REGISTER
VOLUME XLII, ISSUE 49
December 09, 2020
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-32-20-00010-A
Filing Date. Nov. 20, 2020
Effective Date. Nov. 20, 2020
Petition for Modification of Certain Tier 1 Agreements
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 11/19/20, the PSC adopted an order approving New York State Energy Research and Development Authority's (NYSERDA) petition for modification of certain Tier 1 agreements.
Statutory authority:
Public Service Law, sections 4(1), 5(1), (2), 66(2), 66-p; Energy Law, section 6-104(5)(b)
Subject:
Petition for modification of certain Tier 1 agreements.
Purpose:
To approve NYSERDA's petition for modification of certain Tier 1 agreements.
Substance of final rule:
The Commission, on November 19, 2020, adopted an order approving New York State Energy Research and Development Authority's (NYSERDA) petition for modification of certain Tier 1 agreements. NYSERDA is directed to issue a notice, within 60 days of the issuance of the order, inviting all eligible developers to express interest in receiving an Index Renewable Energy Credit (REC) strike price offer, and shall further adhere to the implementation process discussed in the body of the order. NYSERDA shall provide a one-time option for eligible developers that have existing Fixed-Price REC contracts, but have not yet commenced commercial operation, to accept or reject, within 45 days, an offered Index REC strike price offer, as discussed in the body of the order. NYSERDA shall modify its existing Fixed-Price REC contracts for developers that accept the Index REC strike price offer, 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, 3 Empire State Plaza, Albany, New York 12223-1350, (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-0302SA45)
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