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Sponsors
1 Co-sponsor
History
- Reported and committed to finance
- Print number 3993a
- Amend and recommit to energy and telecommunications
- 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.
Establishes a fuel cell incentive program
In Assembly Committee · Ways And Means · Sponsor Amy Paulin
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 and the public authorities law, in relation to establishing a fuel cell incentive program
Purpose of the bill
To create a long-term incentive program for fuel cells modeled after a similar program that has been implemented in relation to solar energy.
Summary of provisions
Section 1 Defines terms, directs the commission to modify its current programs to create a fuel cell incentive program
Section 2 Directs the Long Island Power Authority to create and administer a fuel cell incentive program
Section 3 Sets forth the effective date
Justification
New York is a nationwide leader in the development of clean energy technologies. One of the keys to the development of the market has been long term incentive programs made available through NYSERDA and funded by the Renewable Portfolio Standard. These long-term commitments have assisted in the development of the solar and wind industries in the state, helped to create new jobs and provided more capacity and reliability to the energy grid. Fuel cells have not benefitted from a long-term incentive program and therefore, installations and industry development has lagged behind.
In the wake of Hurricanes Sandy and Irene and tropical storm Lee the State is moving toward the creation of more micro grids and the Public Service Commission is looking for more ways to promote distributed generation. Fuel Cells are the perfect technology to address these challenges. Fuel Cells are renewable, but also can provide a base load source of energy, which allows the technology to be more flexible and to power up when needed in a way that intermittent. sources are unable to accomplish.
This bill will offer a ten-year incentive program for fuel cells, modeled after the NY SUN program, so that the industry can have surety of investment by the state and private investment will begin to flow.
This bill seeks to level the playing field for fuel cells as it relates to state subsidies, so that New York will develop greater renewable fuel diversity, and continue to reduce emissions.
Fiscal implications
The yearly costs of the program are $65 million combined to the state; however, NYSERDA makes off-budget collections of almost $1 billion. As such there is not direct fiscal impact on the state operating budget.
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.