What will the bill cost taxpayers?

Nothing. As a norm, publicly-owned energy utilities are not subsidized by taxpayers, and neither will the Hudson Valley Power Authority. This is in contrast to other types of authorities that are designed to be subsidized, such as transit authorities like the MTA. HVPA will be a public benefit state corporation that is independently financed, separate from the state’s budget, through authority bonds it issues and revenues it collects from bills people pay. The model of a public authority was designed precisely as a workaround to undertake massive public projects without having to fund it through taxpayers.