NY S08055

Directs the Public Service Commission to establish a comprehensive monitoring and reporting methodology within one month to identify competitive advantages that out-of-state power generators have over in-state generators due to New York's charges, fees, assessments, environmental standards, and allowance auctions.

Requires the Public Service Commission to consult with the New York State Energy Research and Development Authority and the bulk system operator to develop the methodology.

Mandates the Department issue a report to the Governor and legislative energy committee chairs within nine months describing negative consequences of imported power exempt from state charges and fees, with recommendations to minimize those consequences.

Defines "competitive advantage" to include avoided costs such as infrastructure improvements, taxes, penalties, compliance costs for clean energy standards, and administrative costs for out-of-state generators.

Declares legislative intent that environmental and renewable energy goals be enforced equally for all generators doing business in New York's energy markets and that imported power should not undermine in-state generators, jobs, tax bases, or public health.