Bill > S01791

This bill, the "Small Water Utility Transparency Act," requires the Public Service Commission (PSC) and the Department of Environmental Conservation (DEC) to conduct audits of private water companies with gross annual revenues below $250,000 on a 3-to-5-year cycle. The audits will focus on capital investment, compliance with regulations, financial capacity, management, water adequacy, and affordability. The bill also requires these small private water companies under investigation by the PSC to file regular public updates on their compliance status, and the PSC can impose fines for non-compliance. The PSC and DEC will coordinate their audits and issue joint reports to provide oversight and transparency for these smaller water utilities.