NY A05503

Changes Long Island Power Authority board composition starting January 1, 2022 from nine appointed trustees to one governor-appointed chairperson (confirmed by Senate) and eight trustees elected from districts established by the legislature.

Requires the legislature to establish eight equal-population districts by May 1, 2021, with first trustee elections held December 2021; prohibits elected or appointed government officials from serving as elected trustees.

Eliminates the authority's ability to implement rate increases on an interim basis and requires public hearings in each county within the service area with at least 30 days notice before final rate plan approval.

Requires the board to consider Department of Public Service recommendations and ratepayer economic interests when determining final rates, and prohibits rate increases to offset revenue loss from energy conservation efforts.

Requires the Department of Public Service to include the utility intervention unit in rate review proceedings and prohibits the department from recommending rate increases to offset energy conservation-related revenue losses.