Bill > S09895

This bill enacts the "Grid Resiliency Act" which aims to maintain the operation of major electric generation facilities, peaker plants, and simple cycle and regenerative combustion turbines in New York. The key provisions include: 1) prohibiting state agencies or regulatory bodies from closing, decommissioning, or impairing the operations of these facilities unless a new facility with equal or greater capacity is opened and operational; 2) protecting facilities designated as reliability sources by the New York Independent System Operator from being closed or decommissioned; 3) providing tax credits to individual taxpayers with annual incomes under $250,000 for the purchase and installation of residential auxiliary electric generating equipment, up to $7,500; and 4) providing a $10 per day tax credit to these individual taxpayers for disruptions in electric or gas service.