STATE OF NEW YORK
________________________________________________________________________
7783
2025-2026 Regular Sessions
IN ASSEMBLY
April 10, 2025
___________
Introduced by M. of A. STERN -- read once and referred to the Committee
on Energy
AN ACT to amend the public service law, in relation to requiring the
office of renewable energy siting and electric transmission to develop
a procedure to process any financial security or letter of credit
required by the office
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 3 of section 138 of the public service law, as
2 added by section 11 of part O of chapter 58 of the laws of 2024, is
3 amended to read as follows:
4 3. ORES, in consultation with the department, shall promulgate rules
5 and regulations with respect to all necessary requirements to implement
6 the siting permit program established in this article and promulgate
7 modifications to such rules and regulations as it deems necessary;
8 provided that ORES shall promulgate regulations requiring the service of
9 applications on affected municipalities and political subdivisions
10 simultaneously with submission of an application. Any such rules and
11 regulations, or any amendments or modifications thereto, shall be
12 subject to the approval of the public service commission before they
13 become effective. The office shall develop a procedure to process any
14 financial security or letter of credit that is required by the office.
15 Such procedure shall be available to any municipality that decides to
16 have the office process and maintain any required financial security or
17 letter of credit in their permitting process.
18 § 2. This act shall take effect immediately; provided, however, that
19 the amendments to section 138 of the public service law, made by section
20 one of this act, shall not affect the repeal of such section and shall
21 be deemed repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05318-01-5
