Bill > S04086

This bill addresses New York's renewable energy goals by authorizing utility companies to own and operate large-scale renewable energy generation projects, with specific provisions designed to benefit low-income customers and support the state's climate objectives. The legislation allows utility corporations to individually or collaboratively own renewable energy facilities, with a requirement that all net revenues from these projects be provided to low-income customers through bill credits. The bill caps utility-owned renewable generation capacity at 25 percent of the state's total renewable energy needs and mandates that these projects be subject to strict oversight to ensure the power remains in-state, is built through a competitive bidding process, and is developed with labor peace agreements. The bill is part of New York's broader Climate Leadership and Community Protection Act (CLCPA) strategy, which aims to generate 70 percent of electricity from renewable sources by 2030 and achieve 100 percent carbon-neutral electricity by 2040. By enabling utility companies to directly develop renewable energy projects, the legislation seeks to accelerate the state's transition away from fossil fuels, drive down energy costs, and create a more sustainable and equitable energy system.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S4086