NY A05198

Public Service Commission must publish a comprehensive cost-benefit analysis within nine months of enactment and update it every four years, assessing feasibility of meeting New York's Climate Leadership and Community Protection Act renewable energy targets.

Study must analyze impacts on electricity wholesale prices, delivery rates, consumer bills, subsidies for renewable projects, energy storage costs, heat pump transition costs, and effects of deep electrification in residential, commercial, industrial, and transportation sectors.

Study must evaluate nuclear reactor technology's potential role, renewable energy system reliability and voltage stability, end-of-life disposal costs, and how reliability will be maintained when solar and wind generation is unavailable or gas-fired generation is phased out.

Study must examine impacts on natural gas prices and reliability, manufacturing processes dependent on natural gas, effects on agriculture and tourism, and transportation costs including charging infrastructure and pipeline construction moratoriums.

Department must contract with an independent consultant and consult with academic partners, utilities, trade organizations, and environmental justice groups; completed study and recommendations must be transmitted to the Governor and legislative leadership within 30 days of completion.