Establishes the downstate New York power authority to own and operate electricity services.

The bill creates the downstate New York power authority, a public benefit corporation, to own and operate electricity services in downstate New York. It authorizes the authority to acquire distribution facilities from downstate utility corporations, determine fair market value for compensation, and ensure rates do not exceed those of the utility corporation. The authority can exercise eminent domain, subject to certain conditions, and must maintain equal employment opportunity. The authority is exempt from most taxes but must pay prevailing wages and make payments in lieu of taxes.

Establishes the downstate New York power authority to own and operate electricity services.

The bill creates the downstate New York power authority, a public benefit corporation, to own and operate electricity services in downstate New York. It authorizes the authority to acquire distribution facilities from downstate utility corporations, determine fair market value for compensation, and ensure rates do not exceed those of the utility corporation. The authority can exercise eminent domain, subject to certain conditions, and must maintain equal employment opportunity. The authority is exempt from most taxes but must pay prevailing wages and make payments in lieu of taxes.