Bill > S01629

This bill amends the Public Service Law to reduce the maximum assessment that can be charged to public utility companies and the Long Island Power Authority from one percent to one-third of one percent of their gross operating revenues from intrastate utility operations. The assessment is a fee collected by the state to fund the expenses of the Department of Public Service and the Public Service Commission. Currently, utility companies pay up to 1% of their gross intrastate operating revenues for these administrative costs, and the bill would lower this cap to 0.33%. The bill specifically applies to utility companies under the jurisdiction of the state's public service commission, with a special provision for telephone corporations that already have a similar one-third of one percent cap. The reduction in the assessment rate could potentially lower the administrative costs for utility companies and could indirectly benefit consumers by potentially reducing utility operating expenses. The bill is set to take effect immediately upon becoming law.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S1629