NY A04309

Amends the Public Service Law to direct the Public Service Commission to develop a mechanism eliminating competitive advantages that out-of-state power generators have over New York in-state generators due to RGGI participation.

Requires the Commission to establish a stakeholder proceeding within one month of enactment and issue a report within six months describing the proposed mechanism, its benefits, and potential negative consequences.

Mandates a three-month public review and comment period on the report, followed by Commission revision of the mechanism within one month and final order implementation by July 1, 2020.

Establishes legislative findings that out-of-state generators in non-RGGI states can export cheaper power to New York while avoiding carbon allowance costs, creating unfair competition that hurts in-state jobs and increases imported pollution.

Defines "competitive advantage" to include avoided costs such as infrastructure improvements, taxes, penalties, environmental compliance costs, and administrative expenses that out-of-state generators do not incur.