New York Assembly Bill A08410

New York 2025-2026 Regular Session

• Introduced: 5/14/25
• Refer: 5/14/25
• Report Pass: 5/20/25
• Refer: 5/20/25
• Report Pass: 5/21/25
• Engrossed: 5/21/25
• Refer: 5/21/25
• Engrossed: 3/9/26
• Refer: 3/9/26
• Engrossed: 4/15/26

Caption

Increases the number of entities to whom the New York state energy research and development authority must submit an annual report; requires the report to include a brief summary of all proceeds collected and administered by the authority pursuant to an order of the public service commission or pursuant to regulation, including, but not limited to, assessments, fees, taxes, transfers, corporate income or surcharges imposed on energy consumers or power generators.

Summary

This bill amends the Public Authorities Law to expand the reporting obligations of the New York State Energy Research and Development Authority (NYSERDA). It requires NYSERDA’s semi-annual reports to be sent not only to the governor and the chairs of the Senate Finance Committee and Assembly Ways and Means Committee, but also to the chairs of the Senate Energy and Telecommunications Committee and the Assembly Energy Committee. The reports must continue to be posted on NYSERDA’s public website and cover each six-month reporting period ending March 31 and September 30. The bill also broadens the required content of those reports. In addition to existing disclosures about revenues, solicitations, project selections, expenditures, and completed contracts, NYSERDA must provide a brief summary of all proceeds it collects and administers under Public Service Commission orders or regulations. That summary must cover assessments, fees, taxes, transfers, corporate income, and surcharges imposed on energy consumers or power generators, and include a basic accounting of the programs funded with those proceeds, whether operated alone or with other state entities.

Impact

The bill does not create new energy programs or change how NYSERDA raises funds, but it increases transparency and legislative oversight over the authority’s finances and program administration. It amends section 1867 of the Public Authorities Law to require additional recipients of the semi-annual report and to add a new reporting category describing proceeds collected under PSC authority and how those proceeds are used. The practical effect is to give energy committees and the public more detailed information about NYSERDA’s funding streams, expenditures, and program operations, especially those tied to charges on energy consumers and power generators.

Sentiment

The available voting history shows strong and unanimous support at every stage recorded. The Assembly Energy Committee, Assembly Rules Committee, Assembly floor, and Senate floor all approved the bill with no opposing votes. That pattern suggests the measure was viewed as a straightforward government transparency and oversight bill rather than a controversial policy change.

Contention

There is little evidence of substantive contention in the available record, and no committee transcript is provided. The only likely area of debate would be the added reporting burden on NYSERDA and whether the expanded disclosures are necessary or duplicative. On the other side, supporters appear to favor greater visibility into how energy-related assessments and surcharges are collected and spent, particularly for lawmakers with jurisdiction over energy policy and public authority finances.