Allows surplus funds in the New York state climate investment account to be returned to ratepayers; establishes a one-year utility bill tax and.

This bill amends the state finance law to allow surplus or uncommitted funds in the New York state climate investment account to be returned to ratepayers. It establishes a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday. The bill also relates to audits of utility corporations and authorizes the public service commission to reconsider rate increases. Customers are granted the right to decline smart meters, and it prohibits customers from being penalized or charged for exercising this right.

Allows surplus funds in the New York state climate investment account to be returned to ratepayers; establishes a one-year utility bill tax and.

This bill amends the state finance law to allow surplus or uncommitted funds in the New York state climate investment account to be returned to ratepayers. It establishes a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday. The bill also relates to audits of utility corporations and authorizes the public service commission to reconsider rate increases. Customers are granted the right to decline smart meters, and it prohibits customers from being penalized or charged for exercising this right.