Increases the number of entities to whom the New York state energy research and development authority must submit an annual report; requires the report to include a brief summary of all proceeds collected and administered by the authority pursuant to an order of the public service commission or pursuant to regulation, including, but not limited to, assessments, fees, taxes, transfers, corporate income or surcharges imposed on energy consumers or power generators.

The bill requires the New York State Energy Research and Development Authority (NYSERDA) to submit annual reports to more entities than before. These reports must include a summary of all funds collected and managed by NYSERDA, such as fees, taxes, and charges related to energy consumers and power generators.

Supporters of the bill argue that increasing transparency in how NYSERDA manages and reports its funds will enhance accountability and public trust. They believe this will ensure that energy consumers are better informed about the financial aspects of energy regulations and initiatives.

Critics may argue that this bill could lead to unnecessary bureaucratic expansion and complexity in reporting requirements. They might express concern that the additional reporting obligations could divert resources away from essential energy projects and initiatives.