NY S02955

Requires owners and operators of replaceable peaker plants to submit a mandatory replacement and compliance plan as part of operating permit renewal applications, with implementation deadlines not to exceed five years.

Defines replaceable peaker plants as fossil fuel-burning major electric generating facilities that operated less than 15% of the year during at least two years between 2011-2020 and are located in or adjacent to disadvantaged communities.

Mandates replacement plans include proposed renewable energy systems and battery storage strategy, timetable for implementation, and demonstration of compliance with renewable energy goals under Public Service Law section 66-p.

Requires the department to provide at least 60 days public notice and hold at least two public hearings in affected disadvantaged communities before approving, modifying, or disapproving replacement plans.

Allows owners to apply for a single five-year extension only upon showing by clear and convincing evidence that replacement is not feasible, the grid requires the extension for reliability, and continued operation would not cause adverse health impacts.