Bill > S04991

This bill requires gas and electric providers of last resort (utility companies that are mandated to provide electricity service to all customers in a specific area) to publicly disclose and report details of their third-party electricity supply contracts within seven days of purchase. Specifically, these utility providers must publicly notice each purchase of electricity supply, energy, or capacity and report to the relevant department the following information: the price of the contract, the quantity of electricity purchased, and the start and end dates of the contract. The bill amends both the public service law and the public authorities law to implement these transparency requirements, ensuring that such contract details are immediately posted for public review. The new requirements will go into effect 180 days after the bill becomes law, giving utility providers time to adjust their reporting practices to comply with the new regulations.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S4991