New York S 2026: Relates to establishing the Hudson Valley power authority, and providing for its powers and duties

Bill Text

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S02026 Summary:

BILL NOS02026A

&nbsp

SAME ASSAME AS A02127-A

&nbsp

SPONSORHINCHEY

&nbsp

COSPNSRBRISPORT, GONZALEZ, SALAZAR

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MLTSPNSR

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Add Art 5 Title 1-C §§1022 - 1022-z, amd §§51 & 1005, Pub Auth L; add §1413, N-PC L

&nbsp

Establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries or membership interests in subsidiaries; establishes energy observatory corporations for studying and enabling effective community governance of power authorities; makes related provisions.

Go to top S02026 Actions:

BILL NOS02026A

&nbsp

01/15/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

07/30/2025AMEND AND RECOMMIT TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

07/30/2025PRINT NUMBER 2026A

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS02026 Committee&nbspVotes:

Go to topS02026 Floor&nbspVotes:

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

Go to topS02026 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2026--A

 2025-2026 Regular Sessions

 IN SENATE

 January 15, 2025
 ___________

 Introduced by Sen. HINCHEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the public authorities law, in relation to establishing
 the Hudson Valley power authority, and providing for its powers and
 duties; to amend the public authorities law, in relation to the New
 York power authority; and to amend the not-for-profit corporation law,
 in relation to establishing energy observatory corporations

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

 1 Section 1. Article 5 of the public authorities law is amended by
 2 adding a new title 1-C to read as follows:
 3 TITLE 1-C
 4 HUDSON VALLEY POWER AUTHORITY
 5 Section 1022. Short title.
 6 1022-a. Definitions.
 7 1022-b. Hudson Valley power authority.
 8 1022-b-1. Trustees.
 9 1022-c. Hudson Valley power authority service area; extension of
 10 service area.
 11 1022-d. Powers and duties of the authority.
 12 1022-e. Powers to provide and maintain generating, transmission
 13 and related facilities.
 14 1022-f. Rate-setting procedures.
 15 1022-g. Climate leadership and community protection act commit-
 16 ment.
 17 1022-h. Acquisition of property, including the exercise of the
 18 power of eminent domain.
 19 1022-i. Subsidiaries.
 20 1022-j. Deposit and investment of moneys of the authority.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02011-04-5

 S. 2026--A 2

 1 1022-k. Conflicts of interest.
 2 1022-l. Sale of surplus power.
 3 1022-m. Audit and annual reports.
 4 1022-n. Bonds, notes and other obligations of the authority.
 5 1022-o. State and municipalities not liable on bonds or notes or
 6 other obligations.
 7 1022-p. Agreement of the state.
 8 1022-q. Exemption of the authority from taxation.
 9 1022-r. Actions against the authority.
 10 1022-s. Equal employment opportunity.
 11 1022-t. Limitation of liability; indemnification.
 12 1022-u. Public service law generally not applicable to the
 13 authority; inconsistent provisions in certain other
 14 acts superseded.
 15 1022-v. Authority subject to certain provisions contained in the
 16 state finance law, the public service law, the social
 17 services law and the general municipal law.
 18 1022-w. Website.
 19 1022-x. Periodic review by the legislature.
 20 1022-y. Hudson Valley power authority observatory.
 21 1022-z. Severability.
 22 § 1022. Short title. This title shall be known and may be cited as the
 23 "Hudson Valley power authority act" or the HVPA act.
 24 § 1022-a. Definitions. As used or referred to in this title, unless a
 25 different meaning clearly appears from the context:
 26 1. "Acquire" means, with respect to any right, title or interest in or
 27 to any property, either the act of taking by the exercise of the power
 28 of eminent domain, or the acquisition by purchase or otherwise.
 29 2. "Act" means the Huds