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Issues

On-bill Financing

Legislators have approved a bill creating a new "Article X" process for the siting of power plants in New York. The previous system expired more than eight years ago. The bill passed the Senate 59-3; the Assembly vote was 117-13.

Included in the Article X bill is legislation that would provide low cost financing by NYSERDA for energy retrofits. The bill also allows the customers to pay back the loans on their utility bills and authorize utilities to terminate service for non-payment of the loans.

Please find attached a more complete summary of the bill and copy of the legislation.

 

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