Enacts the NY Home Energy Affordable Transition Act; and repeals certain provisions of the public service law relating to gas service and sale
What changed between versions
Added 'NY HEAT Act' as an official short title alongside the existing full name.
Reorganized legislative findings from 6 numbered points to 5 numbered points with sub-points, improving clarity on how gas utility regulations conflict with climate goals.
Added specific language about the Climate Action Council's finding that inaction costs exceed action costs by over $115 billion.
Expanded explanation of how the 'utility obligation to serve' and system extension allowances create misalignment with climate mandates.
Added five specific objectives (a through e) detailing what the NY HEAT Act seeks to achieve, including reducing energy cost burdens, ensuring regulatory alignment with CLCPA, providing PSC authority, redirecting funds to alternatives, and facilitating planned transitions.