News and Legislative Memos
Posted on Monday, February 10, 2014 at 1:14 PM
Independent Power Producers of New York, Inc. (IPPNY) is ready for the 2014 Legislative Session, highlighting its priorities to champion the competitive wholesale electricity markets in the face of sweeping changes proposed by the 2014 Draft State Energy Plan and the Public Service Commission (PSC) through the upcoming proceeding on restructuring electric distribution utilities. IPPNY’s focus includes support of policies that further the trade association’s mission of promoting fair, fully competitive electric markets in New York State for all resources and the importance of a diverse and robust electricity supply, and that of associated fuels, to maintain the state’s electric system reliability.
Posted on Tuesday, January 28, 2014 at 5:50 PM
The primary goal of the Independent Power Producers of New York, Inc. (IPPNY) is to promote fair, fully competitive electric markets in New York State.
In furtherance of this goal, IPPNY supports the following:
• Fair competition among wholesale and retail suppliers of electricity and among generators and all electric resource alternatives including renewable, fossil-fueled, nuclear, distributed energy resources, and conservation technologies;
• Regulatory certainty that enables power generators to plan for the future and finance new or repowered electric generating facilities, and ensuring consistency with the competitive energy marketplace in relation to incentives for power plant investments and for assisting communities impacted by power plant closures;
• Fair tax treatment of New York power facilities, including in the areas of property tax, the Corporate Franchise Tax, and benefits to manufacturers, as well as the continuation of previously enacted tax relief;
Posted on Tuesday, January 21, 2014 at 3:26 PM
The Independent Power Producers of New York, Inc. (IPPNY) commends Governor Andrew M. Cuomo for recognizing the detrimental financial impact on New York businesses of a complicated tax structure and proposing positive changes in his 2014-2015 Budget Address. The Governor has recommended the reduction of the rate of the Corporate Franchise Tax from 7.1 to 6.5 percent as well as the partial elimination and expedited phase-out of the temporary surcharge on utility bills under Section 18-a of the Public Service Law.