Allows surplus or uncommitted funds in the New York state climate investment account to be returned to ratepayers; establishes a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday; relates to audits of utility corporations; authorizes the public service commission to reconsider rate increases; grants customers the right to decline smart meters and prohibits such customers from being penalized or charged exercising such right; directs the public service commission to conduct a study analyzing the economic impact of the use of smart meters; relates to costs and expenses of the department of public service and the public service commission; directs the public service commission to develop a formula to determine the average cost to comply with the provisions set forth in article seventy-five of the environmental conservation law; provides for a ratepayer protection tax credit; repeals certain provisions of law relating to the assessment of costs and expenses of the department of public service and the public service commission.
Provides for reporting by utilities and owners of buildings meeting certain thresholds regarding energy consumption data; requires NYSERDA to create a list of buildings subject to such requirements; provides exemptions; requires public reporting on the information collected; makes related provisions.
This bill creates a new program in New York that requires electricity providers to purchase and retire tradeable geothermal renewable energy credits to support the adoption of geothermal heating and cooling systems. The legislation establishes a geothermal portfolio standard that will gradually increase the percentage of credits providers must acquire, starting at 0.1% in 2027 and reaching 2% by 2032, with a potential increase to 3% after a review. These credits are issued for eligible geothermal installations placed in service after January 1, 2026, and providers who fail to meet the requirement must pay an alternative compliance fee that decreases over time. The bill also creates a dedicated geothermal fund to receive these compliance payments, which will be used for geothermal deployment, workforce training, and low- and moderate-income installations.
This bill creates a one-time energy price refund credit for New York state taxpayers who lived in the state during 2024 and meet specific income limits. Eligible residents receive between $150 and $400 depending on their filing status and income level, with higher amounts available for married couples and lower incomes. The credit is calculated based on 2024 tax information and will be issued as a refund or tax credit for the 2026 tax year. The legislation also ensures that any portion of the credit included in federal income will not be subject to New York state or local income tax.
Enacts the citizens utility board act; establishes the citizens utility board to represent and protect the interests of the residential utility consumers of this state.
Establishes an energy project revolving loan program and energy project revolving loan fund to encourage the development of renewable energy generating projects by awarding financial assistance for certain zero-emission energy generation projects.
Establishes the New York State grid reliability and energy affordability transition (GREAT) act; establishes the virtual power plant program to help reduce energy costs and grid reliability risks; provides incentives to participants for supporting the grid by investing in distributed energy resources and reducing net energy costs.
Designates certain employees of public utilities, municipal utilities, electric corporations, gas corporations, water corporations, steam corporations, telecommunications corporations, and cable television companies as first responders during a declared state disaster emergency.
Tags
Emergency Management
Requires at least one electric level three fast charging station available to the public for every five thousand New York state residents on a county level by December 31, 2027; provides for the siting of such charging stations; requires construction and development of such stations to comply with article 8 of the labor law including payment of the prevailing wage.
Authorizes the New York power authority to supply electric energy to low-income households receiving assistance through the New York city human resources administration and the New York state office of temporary and disability assistance, and to designate such agencies and local social services districts as billing energy service companies.
