Bill > A10726

This bill, known as the "Small Water Utility Transparency Act," requires the Public Service Commission (PSC) and the Department of Environmental Conservation (DEC) to conduct regular audits of certain private water companies. The bill mandates that the PSC audit private water companies with gross annual revenues below $250,000 on a 3-to-5-year cycle, focusing on capital investment, regulatory compliance, financial capacity, management, water adequacy, and affordability. Additionally, the bill requires these private water companies under investigation to file public updates on their compliance with orders from the PSC. The DEC is also required to conduct audits of these private water companies, and the PSC and DEC are directed to coordinate their efforts and issue joint audit reports.