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NY A09640
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Didi Barrett
Click for details
AI Summary
- Authorizes the New York Public Service Commission to implement performance-based regulation for electric and gas utilities, using incentives and penalties to drive specific outcomes
- Targets five key areas: reducing greenhouse gas emissions, expanding distributed energy resources and community solar, enhancing service reliability and resiliency, offering flexible payment plans to reduce disconnections for low-income customers, and improving operations to lower ratepayer costs
- Requires any adopted framework to establish clear, objective, verifiable, and achievable performance standards, baselines, and metrics for measuring utility performance
- Mandates the commission consider impacts on ratepayer rates when developing incentive and penalty structures
- Allows for performance metrics that require annual utility reporting to the commission without being tied to financial incentives or penalties
Legislative Description
Authorizes the public service commission to implement performance-based regulation of electric or gas corporations; requires that any such regulation shall provide performance standards and metrics by which such performance shall be measured.
Last Action
reported referred to codes
2/25/2026
Committee Referrals
Codes2/25/2026
Energy1/21/2026
Full Bill Text
No bill text available