New York S01546 grants the New York Power Authority the right of first offer and refusal for acquiring renewable generation facilities and projects.
New York S01546 amends the Public Service Law to provide the New York Power Authority with the exclusive right to purchase renewable generation facilities and projects, as well as the power or energy they produce. This right of first offer and refusal allows the Authority to match any purchase price within specified timeframes, ensuring it can secure these renewable resources. The bill does not limit the Authority's other legal powers under the Public Authorities Law.
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