Establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries.

The Hudson Valley power authority act establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries or membership interests in subsidiaries. It also establishes energy observatory corporations for studying and enabling effective community governance of power authorities. The authority is tasked with building, owning, and operating new transmission for the New York power authority under certain circumstances.

Establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries.

The Hudson Valley power authority act establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries or membership interests in subsidiaries. It also establishes energy observatory corporations for studying and enabling effective community governance of power authorities. The authority is tasked with building, owning, and operating new transmission for the New York power authority under certain circumstances.