Allows surplus or uncommitted funds in the New York state climate investment account to be returned to ratepayers.

The bill amends the state finance law to allow surplus or uncommitted funds in the New York state climate investment account to be credited to ratepayer accounts. These funds are collected by utilities on a bill-as-you-go basis pursuant to the clean energy fund framework ordered by the public service commission. The bill applies retroactively to the 2025 fiscal year and to all subsequent fiscal years.

Allows surplus or uncommitted funds in the New York state climate investment account to be returned to ratepayers.

The bill amends the state finance law to allow surplus or uncommitted funds in the New York state climate investment account to be credited to ratepayer accounts. These funds are collected by utilities on a bill-as-you-go basis pursuant to the clean energy fund framework ordered by the public service commission. The bill applies retroactively to the 2025 fiscal year and to all subsequent fiscal years.