Bill > A05353

This bill extends the existing moratorium on issuing or renewing air permits for electric generating facilities that use carbon-based fuels and provide electricity to cryptocurrency mining operations using proof-of-work authentication methods. The moratorium, which originally began on November 22, 2022, will now last until one year after the completion of a generic environmental impact statement. The bill introduces a new provision that prevents cryptocurrency mining operations from being connected to the electric grid if the Public Service Commission or New York Independent System Operator determines that such a connection would threaten grid reliability or rate affordability. Proof-of-work authentication is a method used in blockchain transactions that requires significant computational power, which has raised environmental concerns due to high energy consumption. The bill aims to regulate these energy-intensive cryptocurrency mining operations by temporarily halting new permits and preventing expansions that could strain the electrical grid or increase carbon emissions.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A5353