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IPPNY News
Recent Press Releases
NYS Legislature Looks to Pile on Energy Consumers -
Energy consumers have become the latest target in the New York State Legislatures efforts to tax its way into a balanced budget, according to the Independent Power Producers of New York, Inc. (IPPNY). Every day electricity ratepayers ranging from manufacturers to small businesses to households would be forced to pick up the tab for proposed broad-based taxes or fees on fuels used to produce electricity. Such an increase in energy costs would come on the heels of the 2009 State Budget, which included $853 million in new and/or increased taxes and fees on New Yorks energy sector. Unfortunately for New Yorkers, such taxes and fees ultimately result in higher energy prices for the states businesses and residents, with last years extra charges equating to an annual increase of over $900 in household power bills.
Report Finds Relationship Between High NYS Taxes and Energy Rates - March 04, 2010
Independent Power Producers of New York, Inc. (IPPNY) today expressed their strong support of the Public Policy Institute's latest findings exposing how energy taxes contribute to high electricity rates for New York State energy consumers and further weaken the state's economy. Earlier today, the Public Policy Institute, the research affiliate of The Business Council of New York State, Inc. unveiled a new report, entitled Short-Circuiting New York's Recovery, How Energy Taxes Contribute to High Electric Rates in New York, which highlights the direct relationship between New York State's record high taxes on its energy industry and the subsequent increased cost passed on to consumers through their electricity rates.
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Recent Legistlative Memos
Memorandum in Strong Opposition of Taxes or Fees on Fuels Used to Produce Electricity to be Paid by Consumers - June 25, 2010
IPPNY strongly opposes the inclusion of potential broad-based taxes or fees on fuels used to produce electricity, as these costs would be paid by all electricity customers during unprecedentedly arduous economic times.
Any increased cost of energy production translates into increased costs for all energy customers. This higher burden has the direct impact of making survival even more difficult for all New York Sate businesses and consumers and will further damage New Yorks sagging economy at a time when the state is seeking to improve its economic vitality and stabilize energy prices. Taxes and fees being discussed during negotiations on the 2010-2011 New York State Budget also would exacerbate competitive disadvantages faced by the affected companies and the consumers who use the electricity produced. The financial impact especially is harmful, when coupled with the large costs that already result from other existing requirements, and many of these mandates already have associated fees, which were raised substantially during last year's New York State budget process.
Memorandum in Strong Opposition of A.8696-A (Cahill) - June 21, 2010
A.8696-A (Cahill) - AN ACT to amend the public service law, in relation to the siting of major electric generating facilities; to amend the public authorities law, in relation to making technical corrections thereto; to amend the state finance law, in relation to establishing an intervenor account; to amend the environmental conservation law, in relation to power plant emissions and performance standards; and providing for the repeal of such provisions upon expiration thereof
The Independent Power Producers of New York, Inc. (IPPNY) is a trade association representing companies involved in the development of electric generating facilities, the generation, sale, and marketing of electric power, and the development of natural gas facilities in the State of New York. IPPNY represents almost 75 percent of the electric generating capacity in New York.
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