11/23/11 N.Y. St. Reg. PSC-47-11-00005-P
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
The Commission is considering adoption of an incentive mechanism for public utilities administering energy efficiency programs.
Statutory authority:
Public Service Law, sections 5(2), 66(1) and (2)
Subject:
Incentive mechanism for public utilities administering energy efficiency programs.
Purpose:
To establish a mechanism to encourage utilities to achieve the targets for efficiency programs established by the Commission.
Substance of proposed rule:
The Commission is discontinuing the existing incentive mechanism for utilities administering energy efficiency programs. The Commission has proposed a new mechanism to be put into place effective January 1, 2012. A total pool of $50 million (based on an average of 5 basis points per year for four years) would be divided into Step One (66% of the pool) and Step Two (33%). Any utility meeting 100% of its aggregate target over four years would earn its proportional share of Step One. If the Commission's statewide efficiency goal is met at the end of 2015, every utility will earn its proportional share of Step Two. Incentives will be positive only, and will require 100% achievement of targets.
Text of proposed rule and any required statements and analyses may be obtained by filing a Document Request Form (F-96) located on our website http://www.dps.state.ny.us/f96dir.htm. For questions, contact:
Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2655, email:
leann_ayer@dps.state.ny.usData, views or arguments may be submitted to:
Jaclyn A. Brilling, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email:
Secretary@dps.state.ny.usPublic comment will be received until:
45 days after publication of this notice.
Regulatory Impact Statement, Regulatory Flexibility Analysis, Rural Area Flexibility Analysis and Job Impact Statement
Statements and analyses are not submitted with this notice because the proposed rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
