N.Y. PBS Law § 66-X

* § 66-x. Energy affordability index. 1. (a) Beginning January first,\ntwo thousand twenty-seven, the commission shall require each gas\ncorporation, electric corporation, or combination gas and electric\ncorporation to submit an annual affordability index showing the energy\nburden of such corporation's residential customers.\n (b) The commission shall promulgate rules and regulations adopting a\nmethodology for gas corporations, electric corporations and combination\ngas and electric corporations to calculate an affordability index. The\nmethodology may include the consideration of a variety of factors\nincluding differentiated income tiers, sources of energy burden, energy\ncost drivers in the relevant service territory, and such other factors\nas the commission may determine, and shall to the maximum extent\npracticable, use publicly available data.\n 2. On or before July first, two thousand twenty-seven, and annually\nthereafter, the commission shall issue a report on energy affordability\nthat includes a comparison of the affordability of residential utility\nservice provided by each gas corporation, electric corporation, and\ncombination gas and electric corporation in New York state to\naffordability data from other states as reported by the United States\nenergy information administration.\n 3. The commission may refer to such report, including information\nobtained from the filings of affordability indices in accordance with\nsubdivision one of this section and paragraph (q) of subdivision twelve\nof section sixty-six of this article, and information obtained from\nreports of affordability monitors and investigations of gas\ncorporations, electric corporations, and combination gas and electric\ncorporations pursuant to subdivision thirty-three of section sixty-six\nof this article when reviewing filings for major changes in rates, and\nshall further consider the ratepayer affordability of such filing, with\na focus on cumulative rate impacts, the interest of low- and\nmiddle-income utility customers, and minimizing residential energy\nburden. The commission shall, in each order approving a major change in\nrates for a gas corporation, electric corporation, or combination gas\nand electric corporation explain how such information impacted its\ndetermination, and include a written summary of the specific actions\ntaken by the commission or department during the hearing to promote\nratepayer affordability.\n * NB Effective January 1, 2027\n