Directs the public service commission to conduct a full cost benefit analysis of the technical and economic feasibility of renewable energy systems in the state of New York and to compare such directly with other methods of electricity generation; makes certain changes relating to greenhouse gas emissions limits.
Summary
Bill A05395 aims to amend the environmental conservation law and the public service law in New York by directing the public service commission to conduct a comprehensive cost-benefit analysis of renewable energy systems. This analysis will assess the technical and economic feasibility of these systems compared to other electricity generation methods. Additionally, the bill proposes changes to greenhouse gas emissions limits, establishing a timeline for achieving specific emissions reductions by 2040 and 2060. It also allows for temporary modifications to these limits if they impede safe electric service or significantly increase utility rates.
Impact
If enacted, this bill will significantly influence New York's energy policy by requiring a systematic evaluation of renewable energy systems and their economic implications. It will amend existing greenhouse gas emissions limits and set new targets for renewable energy generation. The public service commission will be tasked with ensuring that the transition to renewable energy does not compromise the reliability of electric service or lead to excessive rate increases for consumers.
Sentiment
The sentiment surrounding Bill A05395 appears to be mixed. While there is support for the push towards renewable energy and the need for thorough analysis, concerns have been raised about the potential impacts on utility rates and the reliability of energy supply. The bill was held for consideration by the Assembly Environmental Conservation Committee, indicating ongoing discussions and debates about its provisions.
Contention
Notable points of contention include the balance between aggressive renewable energy targets and the potential economic impact on consumers, particularly regarding utility rates. Some committee members express concerns that stringent emissions limits could lead to increased costs for electricity, while others emphasize the urgency of addressing climate change and transitioning to sustainable energy sources. The debate reflects differing priorities among stakeholders, including environmental advocates and utility companies.
Same As
Directs the public service commission to conduct a full cost benefit analysis of the technical and economic feasibility of renewable energy systems in the state of New York and to compare such directly with other methods of electricity generation; makes certain changes relating to greenhouse gas emissions limits.
Directs the public service commission to conduct a full cost benefit analysis of the technical and economic feasibility of renewable energy systems in the state of New York and to compare such directly with other methods of electricity generation; makes certain changes relating to greenhouse gas emissions limits.
Directs the public service commission in consultation with NYSERDA to conduct a full cost benefit analysis of the technical and economic feasibility of renewable energy systems in the state of New York and to compare such directly with other methods of electricity generation within nine months after the effective date and every four years thereafter.
Directs the public service commission in consultation with NYSERDA to conduct a full cost benefit analysis of the technical and economic feasibility of renewable energy systems in the state of New York and to compare such directly with other methods of electricity generation within nine months after the effective date and every four years thereafter.
Directs the public service commission in consultation with NYSERDA to conduct a full cost benefit analysis of the technical and economic feasibility of renewable energy systems in the state of New York and to compare such directly with other methods of electricity generation within nine months after the effective date and every four years thereafter.
Directing the Joint State Government Commission to conduct a study regarding the feasibility and potential benefits of the development of offshore hydropower, solar and wind renewable energy generation systems on Lake Erie.