NY A00401

Establishes New York state renewable electric generation pilot programs authorizing development of up to 300 megawatts of renewable electric capacity statewide.

Directs the Public Service Commission to oversee implementation and authorize electric corporations to build or finance renewable energy facilities, with capital and operating costs recoverable in the rate base and a reasonable return as determined by the commission.

Eligible renewable generation facilities include solar, wind, photovoltaics, tidal, geothermal, fuel cells, and low-impact run-of-river hydroelectric equipment up to 30 megawatts with no new storage impoundment.

Allows electric corporations to own equity interests in facilities and form partnerships with independent power producers, developers, and customer-owned or leased generators.

Requires the Public Service Commission to submit an annual report by June 1st to state leaders detailing program progress, environmental and public effects, and facility-specific information including capacity, energy sources, and operational status.