Bill > S01414

This bill introduces the "Utility Ratepayer Protection Act," which would significantly change how utility rate increases are approved in New York State. Currently, utility companies can file rate increases through the public service commission, but this bill would require additional legislative approval. Specifically, the bill mandates that any proposed increase in utility fees, rentals, and charges must be submitted to the legislature at least 180 days before the proposed implementation date. The utility must provide a written report that includes a justification for the increase and details about its current financial condition. The legislature may request additional information and can block the rate increase if they determine it is not necessary to cover service expenses or infrastructure maintenance. Both houses of the legislature would need to approve the rate increase by a majority vote in each house before it can take effect. This proposed law aims to give state legislators more oversight and control over utility pricing, potentially providing additional protection for ratepayers by creating an extra layer of review for rate increases.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S1414