Home » 2012 Issues » October 03, 2012 » PSC-19-12-00013-A Authorize NYSERDA to Allocate and Expend System Benefit Charge III Funds That Were Not Committed for Expenditure as of 12/31/11
PSC-19-12-00013-A Authorize NYSERDA to Allocate and Expend System Benefit Charge III Funds That Were Not Committed for Expenditure as of 12/31/11
10/3/12 N.Y. St. Reg. PSC-19-12-00013-A
NEW YORK STATE REGISTER
VOLUME XXXIV, ISSUE 40
October 03, 2012
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
NOTICE OF ADOPTION
I.D No. PSC-19-12-00013-A
Filing Date. Sept. 13, 2012
Effective Date. Sept. 13, 2012
Authorize NYSERDA to Allocate and Expend System Benefit Charge III Funds That Were Not Committed for Expenditure as of 12/31/11
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 9/13/12, the PSC adopted an order authorizing The New York State Energy Research and Development Authority (NYSERDA) to allocate & expend System Benefit Charge III funds in its possession that were not committed for expenditure as of December 31, 2011.
Statutory authority:
Public Service Law, sections 4(1), 5(2) and 66(1)
Subject:
Authorize NYSERDA to allocate and expend System Benefit Charge III funds that were not committed for expenditure as of 12/31/11.
Purpose:
To authorize NYSERDA to allocate & expend System Benefit Charge III funds that were not committed for expenditure.
Substance of final rule:
The Commission, on September 13, 2012 adopted an order authorizing The New York State Energy Research and Development Authority (NYSERDA) to allocate and expend System Benefit Charge III funds in its possession that were not committed for expenditure as of December 31, 2011, for the following purposes: (1) $10 million for a new initiative within the Advanced Clean Power Program of the Technology and Market Development Portfolio (T&MD Portfolio) focused on reducing the balance-of-system costs for solar photovoltaic installations and the development of priority photovoltaic technology; (2) $10 million for an energy storage initiative within the Smart Grid Program of the T&MD Portfolio, $7.5 million of which shall be made available to provide cost-sharing support for an application for U. S. Department of Energy funding to establish an Energy Storage Innovation Hub within New York, and $2.5 million of which shall be used to support the New York Battery and Energy Storage consortium’s Commercialization and Testing Laboratory; (3) $3.0 million for an Advanced Buildings Consortium within the Technology Development component of the Advanced Buildings program of the T&MD Portfolio; and (4) $2,760,672 for a deep energy savings in commercial buildings initiative to be established within the Emerging Technology/Accelerated Commercialization – Buildings component of the Advanced Buildings Program of the T&MD Portfolio. NYSERDA is authorized to retain $1,748,336 of SBC III interest earnings accumulated through December 31, 2011, as reimbursement for New York State Cost Recovery Fee assessments in excess of budgeted amounts that were allocable to SBC III programs through December 31, 2011. NYSERDA is further authorized to retain SBC III interest earnings accumulated after December 31, 2011, to the extent necessary to reimburse it for New York State Cost Recovery Fee assessments in excess of budgeted amounts that are allocable to SBC III programs after December 31, 2011. If interest earnings are inadequate, NYSERDA is authorized to reallocate SBC III program funds to cover the additional cost of such fees, first using any previously committed funds that may become uncommitted after December 31, 2011, subject to the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, NY 12223, (518) 486-2655, email: leann.ayer@dps.ny.gov An IRS employer ID no. or social security no. is required from firms or persons to be billed 25 cents per page. Please use tracking number found on last line of notice in requests.
Assessment of Public Comment
An assessment of public comment is not submitted with this notice because the rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
