Bill

Bill > A05402


NY A05402

NY A05402
Authorizes and directs the public service commission to establish rules to limit a utility's ability to recover its direct or indirect costs associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission.


summary

Introduced
02/13/2025
In Committee
02/25/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the public service law, in relation to authorizing the public service commission to establish rules to limit a utility's ability to recover certain operating expenses

AI Summary

This bill directs the Public Service Commission, a state agency that oversees utility companies, to create rules by January 1, 2027, that will restrict how much utility companies can charge their customers to cover the costs they incur when participating in, preparing for, or appealing rate proceedings before the commission. These recoverable costs can include things like lawyers' fees, payments to expert witnesses or consultants, and a portion of employee salaries related to these proceedings. The commission is given flexibility in how it sets these limits, such as by capping the percentage of a utility's rate case expenses that can be recovered, establishing a baseline for reasonable participation costs, or setting rules for information disclosure to speed up the process and reduce expenses.

Committee Categories

Agriculture and Natural Resources

Sponsors (7)

Last Action

amended on third reading 5402b (on 03/04/2026)

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