Kevin R. Brocks, Esq. Read and Laniado, LLP 25 Eagle Street
-
Upload
lawrence-cleveland -
Category
Documents
-
view
18 -
download
0
description
Transcript of Kevin R. Brocks, Esq. Read and Laniado, LLP 25 Eagle Street
Read and Laniado, LLP
Kevin R. Brocks, Esq. Read and Laniado, LLP 25 Eagle Street Albany, New York 12207Tel. (518) 465-9313 Fax (518) 465-9315 [email protected]
New York Municipal Power AgencySemi-Annual Meeting
October 21, 2014
Customer Relations Committee
• Chuck Rankin – Village of Groton• Jeff Dobbins – Town of Massena• Meghan Lodge – Village of Churchville
Thank You!
2Read and Laniado, LLP
Financing for Utility Scale Renewables
3Read and Laniado, LLP
• Financial Incentives:• Modified Accelerated Cost-Recovery System• Business Energy Investment Tax Credit• Renewable Electricity Production Tax Credit
Net Metering and Avoided Costs
4Read and Laniado, LLP
Net Metering is a policy that allows utility customers to sell excess power that they generate to the grid.
• Customers receive the retail rate for the excess energy they generate, which is more than the utilities’ avoided cost.
Read and Laniado, LLP 5
6
Dodd-Frank Act
Read and Laniado, LLP
7
SWAPS
ISDA
Read and Laniado, LLP
Read and Laniado, LLP
12-T-0502: Transco Case
• NYMPA submitted comments on September 12, 2014.
8
14-M-0101: Reforming the Energy Vision (REV)
9Read and Laniado, LLP
• Promote:• More efficient use of energy.• Deeper penetration of renewable energy resources.• Wider deployment of “distributed” energy resources, such as
micro grids, on-site power supplies, and storage.• Greater use of advanced energy management products to
enhance demand elasticity and efficiencies.
• Empower customers by allowing them more choice in how they mange and consume electric energy.
• Core policy outcomes:• Customer knowledge,• Market animation,• System-wide efficiency,• Fuels and resource diversity,• System reliability and resiliency, and carbon reduction.
14-M-0101: Reforming the Energy Vision (REV)
Ownership of DER
10Read and Laniado, LLP
In the Straw Proposal, DPS Staff recommended that T&D utilities own DER.
14-M-0094: Clean Energy Fund Proposal
11Read and Laniado, LLP
NYSERDA proposed a 10-year, $5 billion commitment to funding clean energy development in New York.
14-M-0094: NY-Sun Initiative
12Read and Laniado, LLP
09-M-0311: 18-a Assessment
13Read and Laniado, LLP
• Some companies over-collected and others under-collected the Temporary State Assessment.
• The PSC is requiring a recalculation to account of the over or under collection of the Temporary State Assessment.