What's happening
This bill requires the New York Public Service Commission to adjust zero emissions credit prices based on each energy zone's proportional benefits from nuclear facilities.
Why it matters
Directs financial benefits to areas most positively impacted by nuclear plants. By tying zero emissions credit (ZEC) prices to the specific benefits each energy zone receives from nuclear facilities, this bill aims to ensure areas hosting or near these plants get more value, potentially leading to greater local support and investment.
Considers multiple local advantages, not just emissions. The bill defines "proportional benefits" broadly—covering reduced fossil fuel use, local tax revenues, and jobs—so ZEC allocations will reflect a fuller range of nuclear power’s impacts on communities.
Could shift costs and incentives across the state. Regions less directly benefitting from nuclear facilities may see lower ZEC prices, possibly reducing their financial contribution to nuclear power support programs while increasing them for zones that benefit most.
May impact the long-term viability and community relations of upstate nuclear plants. By revising how credits are valued and distributed, the bill could influence local economies, plant operations, and New York’s broader clean energy and climate policy implementation.
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Who cares
Headline styles
Adjust Zero Emission Credit Prices
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Referred to ways and means
- Reported referred to ways and means
- Referred to energy
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8190
2017-2018 Regular Sessions
IN ASSEMBLY
June 1, 2017
Introduced by M. of A. PAULIN -- read once and referred to the Committee on Energy
AN ACT in relation to the price of zero emissions credits
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Notwithstanding any other law, rule, regulation, or order, the New York public service commission shall adjust the price of a zero emissions credit to account for the proportional benefits received within each energy zone attributed to the continued operation of nuclear facilities. The price of a zero emissions credit shall be higher in energy zones where the proportional benefits are greater and lower in energy zones where the proportional benefits are less.
§ 2. The term "proportional benefits" when used in this act shall include all (a) proximity advantages derived from avoided fossil fuel generation within each energy zone due to the continued operation of the nuclear facilities, (b) revenues, funds, taxes or credits received from nuclear facilities through real property tax collections or payments in lieu of taxes within each energy zone, and (c) advantages acquired through employment related to the continued operation of nuclear facilities within each energy zone.
§ 3. The term "energy zone" when used in this act shall mean the federally designated electric bulk system operator's zone.
§ 4. The term "nuclear facilities" when used in this act shall mean the Fitzpatrick, Ginna and Nine Mile nuclear facilities.
§ 5. The zero emissions credit price adjustment required by section one of this act shall be approved by the New York public service commission on or before August 1, 2017.
§ 6. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13033-02-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.