Bill > S02026

This bill establishes the Hudson Valley Power Authority (HVPA), a public benefit corporation designed to provide electricity services in the Central Hudson Gas and Electric service area. The key provisions include: The HVPA will be governed by a nine-member board of trustees appointed by various state leaders, including representatives from the governor, state senate, state assembly, labor unions, and an observatory governing board. The authority is tasked with developing, acquiring, and operating electric and gas power distribution facilities with a focus on renewable energy, energy efficiency, and community benefit. The bill mandates that the HVPA pursue ambitious climate goals, including procuring 70% renewable electricity by 2030 and 100% renewable electricity by 2040. It must ensure at least 35% of clean energy benefits go to disadvantaged communities and conduct a study on potentially phasing out gas infrastructure. The authority has broad powers to acquire utility infrastructure, potentially through eminent domain, with a goal of reducing electricity rates. It is required to prioritize worker protections, including maintaining existing labor contracts and giving preference to workers from the non-renewable energy sector or local communities. A unique feature is the creation of a Hudson Valley Power Authority Observatory, a quasi-governmental organization with 15 members tasked with monitoring the utility, conducting research, and supporting local energy projects. The observatory will include community participation mechanisms like participatory budgeting for community benefit projects. The bill provides significant tax exemptions for the authority and establishes mechanisms for transparency, including public meetings, annual reporting, and legislative review every ten years. It also includes consumer protections, such as allowing customers to opt out of digital utility meters and ensuring equal employment opportunities.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S2026