Bill > A02736

This bill requires utilities to provide comprehensive descriptions of proposed capital expenditures when seeking a major change in rates, with those descriptions to be posted on the Public Service Commission (PSC) website. Specifically, the bill mandates that utilities must detail six key aspects of any proposed capital project: (1) its purpose, (2) total cost, (3) expected period of usefulness, (4) location within the service territory, (5) rationale for inclusion in the rate proceeding, and (6) anticipated benefits to ratepayers, including potential cost savings or other advantages. Furthermore, the bill places the burden of proof on the utility to demonstrate that any rate changes related to these capital expenditures are just and reasonable. The legislation will take effect immediately but will not apply to rate change matters already initiated before its effective date. The goal appears to be increasing transparency in utility rate proceedings by requiring utilities to provide more detailed and publicly accessible information about their proposed capital investments and how these might impact ratepayers.

Agriculture and Natural Resources, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/A2736