Establishes an energy-related public utility mass real property central assessment program

This bill establishes a standardized assessment system for energy-related public utility properties (like power lines, gas pipes, and substations owned by electric/gas companies) in New York. It requires the state commissioner to set an annual "assessment ceiling" for these properties by multiplying their total value by a standardized rate, creating a predictable tax base. Utility companies must pay an annual fee covering the program's costs, calculated based on their property's value. The system applies to properties used for electricity/gas storage and transmission, excluding special franchise properties. The bill aims to streamline assessments and reduce local tax disputes for these utilities.