NY A00060

Creates a new framework for "shared renewable energy facilities" owned by non-utility entities that can serve multiple subscribers with renewable energy credits on their electric bills.

Defines shared renewable energy facilities as renewable installations (solar, wind, fuel cells, micro-hydro, or farm waste) with at least two subscribers and a maximum capacity of 2,000 kilowatts, with authority for the Public Service Commission to adjust capacity thresholds through stakeholder proceedings.

Establishes that subscribers receive bill credits based on their portion of electricity production from the facility, calculated by multiplying their kilowatt-hour share by their retail electric rate, with credits carried over to subsequent billing periods.

Requires electric corporations to develop model contracts and tariff schedules within three months establishing rates and conditions for interconnection, with the commission having three months to approve; prohibits standby, backup, and demand charges for facilities under 2,000 kilowatts.

Mandates subscriber organizations file articles of incorporation with the Department of State and annual reports with the commission detailing membership, finances, and operations; allows for-profit and non-profit entities to own and operate facilities.