New York S 4086: Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers and authorizes utility companies to own such projects

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S04086 Summary:

BILL NOS04086 

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SAME ASSAME AS A05510

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SPONSORPARKER

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COSPNSRHARCKHAM, HOYLMAN-SIGAL

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MLTSPNSR

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Add §66-x, amd §66-r, Pub Serv L; amd §224-d, Lab L

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Relates to providing net revenues from utility-owned large-scale renewable generation projects to low-income customers; authorizes utility companies to own such projects; provides that the commission shall require labor agreements and labor peace agreements.

Go to top S04086 Actions:

BILL NOS04086 

&nbsp

01/31/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

Go to topS04086 Committee&nbspVotes:

Go to topS04086 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS04086 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4086

 2025-2026 Regular Sessions

 IN SENATE

 January 31, 2025
 ___________

 Introduced by Sens. PARKER, HARCKHAM, HOYLMAN-SIGAL -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Energy and Telecommunications

 AN ACT to amend the public service law and the labor law, in relation to
 providing net revenues from utility-owned large-scale renewable gener-
 ation projects to low-income customers and authorizes utility compa-
 nies to own such projects

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Legislative findings and intent. 1. New York state recog-
 2 nizes the deleterious impacts of climate change including increasingly
 3 frequent catastrophic weather events.
 4 2. Pursuant to the New York state climate leadership and community
 5 protection act (CLCPA), New York state seeks to dramatically reduce
 6 greenhouse gas emissions and move its electric generation from fossil
 7 fuel-based generation to renewable-based generation. New York state has
 8 mandated that seventy percent of electricity come from renewable energy
 9 sources by year 2030 and one hundred percent of electricity come from
 10 carbon neutral sources by 2040.
 11 3. Further, New York state recognizes that the current pace of devel-
 12 opment of in-state renewable energy resources is insufficient to meet
 13 the state's statutory renewable generation goals on schedule.
 14 4. Because New York state seeks to accomplish these energy-related
 15 goals and standards as soon as practicable allowing regulated utilities
 16 to own and operate renewable generation is essential to achieving such
 17 goals and to provide a consistent and affordable supply of carbon-free,
 18 renewably generated electricity by 2030, through 2050 and beyond.
 19 5. New York state seeks to continue to develop in-state renewable
 20 energy projects that will drive down costs, benefit customers receiving
 21 retail electric delivery particularly those customers who are low to
 22 moderate income.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04103-01-5

 S. 4086 2

 1 6. New York state has a proprietary interest in these projects being
 2 efficiently built and operated without unnecessary disruptions, which
 3 justifies the use of project labor agreements and labor peace agree-
 4 ments.
 5 § 2. The public service law is amended by adding a new section 66-x to
 6 read as follows:
 7 § 66-x. Regulated large scale renewable generation. 1. In order to
 8 support the state in meeting state energy-related goals and standards,
 9 corporations subject to the provisions of this article providing retail
 10 electric service shall be authorized to own and operate renewable energy
 11 generating facilities in New York state. Such corporations shall be
 12 authorized to own and operate such facilities individually or in part-
 13 nership with other persons doing business in New York.
 14 2. A corporation owning and operating a renewable energy generation
 15 facility pursuant to this section shall provide all net revenues from
 16 such facility to low-income customers in the form of bill credits, which
 17 shall be in addition to any other program or benefit offered by the
 18 corporation to assist such customers.
 19 3. In addition to the provisions of subdivision two of this section,
 20 a