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 KRB@readlaniado.com

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!

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Financing for Utility Scale Renewables

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• Financial Incentives:• Modified Accelerated Cost-Recovery System• Business Energy Investment Tax Credit• Renewable Electricity Production Tax Credit

Net Metering and Avoided Costs

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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.

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Dodd-Frank Act

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SWAPS

ISDA

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12-T-0502: Transco Case

• NYMPA submitted comments on September 12, 2014.

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14-M-0101: Reforming the Energy Vision (REV)

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• 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

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In the Straw Proposal, DPS Staff recommended that T&D utilities own DER.

14-M-0094: Clean Energy Fund Proposal

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NYSERDA proposed a 10-year, $5 billion commitment to funding clean energy development in New York.

14-M-0094: NY-Sun Initiative

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09-M-0311: 18-a Assessment

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• 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.