Bill > A04227

This bill aims to support New York state's renewable energy goals by authorizing utility companies to own and operate large-scale renewable energy generation projects, with several key provisions. The legislation allows utility corporations to own renewable energy generating facilities individually or in partnership with other businesses, with a generation capacity limit set at 25% of the state's total renewable energy needs. Importantly, any net revenues generated from these projects must be provided to low-income customers through bill credits, in addition to existing assistance programs. The bill requires that these renewable energy projects be subject to commission oversight to ensure the power remains in-state, be built through a competitive bidding process, and comply with labor agreements and labor peace agreements. The projects must also be owned and operated in a manner that provides beneficial cost and rate impacts to customers. Additionally, the bill mandates that iron and structural steel used in these projects be predominantly produced in the United States, with some exceptions for public interest or cost considerations. The Public Service Commission is required to establish rules and regulations to implement these provisions, and must commence a proceeding to do so within 60 days of the bill's effective date. This legislation is part of New York's broader strategy to reduce greenhouse gas emissions and transition to renewable energy sources, with a goal of 70% renewable electricity by 2030 and 100% carbon-neutral electricity by 2040.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A4227