Congresswoman Nicole Malliotakis Introduces OWNER Act For Offshore Wind Revenue Sharing Legislation

(STATEN ISLAND/BROOKLYN, NY) – Congresswoman Nicole Malliotakis (NY-11) today introduced the Offshore Wind for Northeastern Energy Revenue (OWNER) Act, legislation that would establish an offshore wind revenue-sharing model between the federal government and states adjacent to offshore wind farms.

Unlike other forms of energy that have established models for shared royalties with adjacent states and conservation programs, current law requires all offshore wind revenues to be returned to the U.S. Treasury.

“In honor of Earth Day, I’m proud to introduce legislation that not only returns revenue to New York State but gives counties like Richmond and Kings the revenue stream to invest in coastal protection, hurricane preparedness, and infrastructure,” said Congresswoman Malliotakis. “With New York Bight being leased right off our shores, my legislation would require a large share of the revenue the site generates to be returned to our state to advance these conservation efforts and protective measures, STEM education, and create clean-energy jobs right here in our community. To achieve energy independence we need diversification, and my legislation ensures communities like ours benefit both environmentally and economically from off-shore energy sources.”

Rampion Offshore Wind Farm. Image Credit - Nicholas Doherty

Rampion Offshore Wind Farm. Image Credit – Nicholas Doherty

Specifically, the OWNER Act would:

  • Send 50 percent of offshore wind revenue to adjacent states, based on a formula developed by the Secretary of Interior inversely proportional to the distance from the wind farms;
  • 25 percent of the state revenue will be allocated to coastal counties dependent on the distance from the wind farm.
  • Retroactively disburse bonus bids from the offshore wind lease sales that have already occurred.
  • Allow state funds to be used for coastal protection, including conservation, coastal restoration, hurricane protection, and infrastructure directly affected by coastal wetland losses; workforce training, including for employment in the renewable energy sector and related industries; infrastructure to support renewable energy development and transmission, including the transmission of offshore wind energy; STEM education; or reduction of carbon emissions and improvement of air quality.
  • Allow state funds to also be used for the mitigation of damage to fish, wildlife, or natural resources and the impact of outer Continental Shelf activities through the funding of onshore infrastructure projects or planning assistance and administrative costs.
  • Protect the state revenues from sequestration.

To learn more about the OWNER Act, click HERE.

Banner Image: Wind turbines on the shore. Image Credit – Rabih Shasha 

Congresswoman Nicole Malliotakis

Congresswoman Nicole Malliotakis was sworn in on January 3, 2021 to represent Staten Island and Southern Brooklyn. Prior to serving in the U.S. House of Representatives, Congresswoman Nicole Malliotakis was elected to the New York State Assembly on November 2, 2010, defeating a two-term incumbent. In the Assembly, she served as Minority Whip and the ranking minority member of the Assembly Committee on Governmental Employees. For five terms, Congresswoman Malliotakis fought to restore ethics in Albany, expand transit service in her district, improve programs for senior citizens, reform education and improve New York’s economic climate by reducing the tax burden on small businesses and residents. A cornerstone of her tenure was helping her community recover and rebuild following the devastation of Hurricane Sandy in 2012. In addition to advocating for these same issues in Washington, Congresswoman Malliotakis is acutely focused on securing New York’s fair share of federal mass transit funding, which would go towards expanding transportation services and easing traffic congestion, while also championing public safety by supporting our nation’s law enforcement officers. Congresswoman Malliotakis is the daughter of immigrants, her father from Greece and her mother a Cuban exile of the Castro dictatorship. She is currently the only Republican member representing New York City in Congress, representing a district spanning the boroughs of Brooklyn and Staten Island. She is a passionate advocate for animal rights and the strengthening of animal cruelty laws, and in her spare time, enjoys spending time with her chihuahua, Peanut.

There are no comments yet

Why not be the first

Leave a Reply

Your email address will not be published. Required fields are marked *