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Sponsors
No co-sponsors yet.
History
- Referred to energy and telecommunications
- Referred to energy and telecommunications
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Makes provisions regarding purchase and procurement of natural gas at lowest available price at the city gate
In Assembly Committee · Energy · Sponsor William Parment
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public service law, in relation to the purchase and procurement of natural gas at lowest available price at the city gate
Purpose
The purpose of this bill is to ensure that gas corporations purchase gas at the lowest available price from instate or out-of-state sources.
Summary of provisions
Section 66-f of the Public Service Law is amended
Justification
Gas utilities are required to purchase natural gas at the lowest available price. This price should be the price at city gate and should not be arbitrarily determined by subjectively taking into account "substantive differences" in the terms and conditions applicable to the sale of such gas. Natural gas producers should have the opportunity to provide gas at the lowest price, if they demonstrate an ability to do so. Gas utilities should be required to show whether or not an offer by a natural gas producer to provide gas at the lowest available price at city gate benefits ratepayers; especially in comparison to out-of-state purchases where the additional costs of gas pipeline transportation are involved.
Legislative history
2007: S.377 A.2623 2005: S.6257 A.649 2003: S.2433 A.551 2001: S.1294 A.1890
Fiscal implications
None to the state or local governments.
Effective date
Effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.