NY A02155

Allows owners of master-metered residential rental buildings to apply to the Public Service Commission to convert to submetering, subject to specified conditions and approval process.

Requires applicants to notify all tenants in writing within 30 days of filing, including information about the proposal, public comment period, public hearing details, website access to the full application, and complaint procedures.

Mandates applicants submit thermal characteristic studies, 24 months of electrical usage records, projected submetered rates by dwelling unit type, and plans to replace non-Energy Star appliances with Energy Star rated ones.

Establishes a two-tiered approval process with initial conditional approval for one year followed by potential final approval, and requires applicants to pay for independent energy analysis if at least 50% of tenants request it.

Requires rate calculations to not exceed tariffed rates from the local utility and obligates applicants to arrange with the local Department of Social Services to accept utility assistance grants for continued electric service to eligible tenants.