Relating to: providing utility aid payments for certain energy storage facilities. (FE)

AB 559 creates annual payments to municipalities and counties where energy storage facilities (like batteries or pumped hydro) or liquefied natural gas (LNG) storage facilities are located. For energy storage facilities, payments equal $2,000 per megawatt of capacity, split between the local city/village/town and county. For LNG facilities, payments are based on 3-6 mills of the facility’s property value, also split between the local jurisdiction and county. The bill ensures these payments continue even if some facility units shut down, and funds come from a public utility account. It directly affects local governments hosting these facilities and utility companies owning them.