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Sponsors
Senator · Senate District 57
No co-sponsors yet.
History
- Referred to energy and telecommunications
- Referred to energy and telecommunications
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2451
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
2009-10: S.2264/A.2060 Referred to Energy and Telecommunications 2007-08: S.377/A.2623 Referred to Energy and Telecommunications 2005-06: S.6257/A.649 Referred to Energy and Telecommunications 2003: A.551/S.2433 Passed Assembly 2004: A.551/S.2433 Ordered to 3rd Reading Rules Calendar in Assembly 2001-02: A.1890/S.1294 Ordered to 3rd Reading Rules Calendar in Assembly
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.