NY A04252

Establishes a shared renewable energy facility program allowing customers to subscribe to renewable energy installations (solar, wind, fuel cells, micro-hydroelectric, or farm waste) with a maximum capacity of 2,000 kilowatts, subject to Public Service Commission review.

Requires shared renewable energy facilities to have at least two subscribers and be owned by entities other than public authorities or electric distribution companies, with electricity credits allocated to each subscriber based on their subscription portion.

Subscribers must be customers of the electric corporation within the same service territory and load zone, identified by individual meters, and cannot be assessed standby or backup charges for the shared facility.

Bill credits to subscribers are calculated by multiplying their portion of kilowatt-hour production by their retail rate, with unused credits carried over to subsequent billing periods but not reducing fixed monthly customer charges.

Electric corporations must develop model contracts and file schedules within three months establishing reasonable rates, terms, and conditions for interconnection; the Public Service Commission retains authority to revise credit calculation methodology and determine maximum capacity thresholds based on public interest.