This bill creates a tax credit for sustainable aviation fuel producers in New York, offering $1 per gallon (up to $2 per gallon) based on emissions reductions. Producers must meet strict criteria: fuel must reduce lifecycle greenhouse gases by at least 50% compared to jet fuel, be derived from biomass/waste, and avoid palm/petroleum sources. The credit requires certification from the New York State Energy Research and Development Authority (NYSERDA), with a $30 million annual spending cap. It directly affects fuel producers and businesses using qualifying fuel for flights departing from New York airports, aiming to incentivize cleaner aviation fuel adoption.
S 1347 establishes a price per ton of carbon dioxide emissions for electricity generated from carbon-based fuels (like coal and natural gas) in New York. This price, based on the state's social cost of carbon, would be paid by electricity generators using these fuels. Revenues collected would fund a new Carbon Dioxide Emissions Fund, with 60% distributed as tax credits to very low-to-moderate income residents (based on area median income) and 20% supporting renewable energy transitions in disadvantaged communities. The bill directly affects electricity generators using carbon-based fuels and aims to incorporate carbon pricing into New York's climate goals under the CLCPA.
Provides that property receiving an agricultural assessment which is converted for purposes of oil or gas exploration shall be subject to payments equaling five times the taxes saved in the last year in which the land benefited from an agricultural assessment; exempts property converted for solar development from such payments.
S 2472 prohibits all horizontal drilling and high-volume hydraulic fracturing (using 300,000+ gallons of water per well completion) and gelled propane hydraulic fracturing statewide. It directly affects oil and gas operators, banning these specific extraction methods regardless of well type. The bill defines "high-volume hydraulic fracturing" as using 300,000+ gallons of water (fresh or recycled) across all well stages, and explicitly prohibits both methods in the state. The law takes effect immediately upon enactment.
Aligns utility regulation with state climate justice and emission reduction targets; provides for a statewide affordable gas transition plan and utility home energy affordable transition programs; repeals provisions relating to continuation of gas service; repeals provisions relating to the sale of indigenous natural gas for generation of electricity.
This bill requires electric and gas utilities to establish and maintain reduced residential rates (25-35% lower) for low-income customers. It directly affects low-income households receiving benefits from programs like SSI, SNAP, LIHEAP, or TANF, and mandates utilities to simplify enrollment through data sharing with social services agencies. Utilities must cover the revenue loss from these discounts using existing funds (like uncommitted surcharge revenues or disallowed bonuses) instead of raising rates for other customers. The law requires all eligible customers to be enrolled by January 1, 2027, with utilities providing clear application information at service setup and on bills.
Enacts the "renewable natural gas standard act"; requires the public service commission to establish a program to require that gas corporations procure renewable natural gas from third-parties, including affiliates of the gas corporation, for distribution to natural gas customers.
S 1528 establishes a tax on carbon-based fuels like coal, natural gas, and petroleum, imposed on fuel distributors and utilities based on carbon dioxide emissions. The tax starts at $35 per ton of carbon dioxide equivalent and increases by $15 annually to a maximum of $185 per ton. Revenue from the tax funds a dedicated "Carbon Dioxide Emissions Fund," with 60% returned as tax credits to low-to-moderate income residents (below 115% of area median income) and 40% allocated to clean energy transition, mass transit, and climate adaptation projects. The bill requires annual reporting by distributors and utilities and mandates public reporting on tax adjustments to address inflation and climate goals.
This bill establishes a price for carbon dioxide emissions from electricity generated using fossil fuels (like coal or natural gas) and creates a fund to collect revenues from this price. It directly affects electricity generators using carbon-based fuels, requiring them to pay a fee based on the social cost of carbon. The fund's revenues will be distributed as tax credits to low- and moderate-income residents (those earning below 115% of area median income) and used to support renewable energy transitions in disadvantaged communities. The bill aims to advance New York’s climate goals by incorporating carbon pricing into electricity markets while directing funds toward climate equity.
This bill repeals two sections of New York's Public Service Law that previously allowed energy service companies (ESCOs) to sell electricity and natural gas directly to customers. It directly affects ESCOs, ending their legal authority to operate as independent energy sellers outside of regulated utility companies. The key mechanism is the removal of these specific law sections, which would prevent non-utility entities from offering electricity or gas sales. This change would require ESCOs to either transition to utility partnerships or exit the market, shifting energy sales back to traditional distribution companies.
