Bill > A09154

This bill enacts the "Municipal Fair Acquisition Act", which requires that when a municipal corporation seeks to acquire electric infrastructure (such as generation, transmission, or distribution systems) from a public utility company or private energy provider, the appraised value of those assets must be reduced by the proportional value of infrastructure previously financed through non-investor sources like customer user fees or ratepayer surcharges. Specifically, the bill empowers the Public Service Commission (PSC) to determine the extent to which utility assets were funded through these alternative mechanisms and to issue a report recommending a corresponding reduction in the acquisition price. This provision aims to prevent municipal corporations from paying full market value for infrastructure that was partially funded by ratepayers rather than investors, essentially ensuring that customers are not charged twice for the same infrastructure assets. The bill amends Section 362 of the general municipal law and will take effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A9154