Directs the public service commission to modify the Clean Energy Fund objectives for air pollution reductions.

The bill directs the public service commission to modify the objectives of the Clean Energy Fund to focus on reductions of air pollution, including oxides of nitrogen, sulfur dioxide, and particulate matter. It also requires the commission to establish compensation for these reductions under the "Value Stack." Additionally, the Long Island Power Authority must set compensation for air pollution reductions under its Value of Distributed Energy Resources tariff. The act takes effect immediately.

Directs the public service commission to modify the Clean Energy Fund objectives for air pollution reductions.

The bill directs the public service commission to modify the objectives of the Clean Energy Fund to focus on reductions of air pollution, including oxides of nitrogen, sulfur dioxide, and particulate matter. It also requires the commission to establish compensation for these reductions under the "Value Stack." Additionally, the Long Island Power Authority must set compensation for air pollution reductions under its Value of Distributed Energy Resources tariff. The act takes effect immediately.