Bill > A07963

This bill amends the New York Public Service Law to prohibit utility corporations and municipalities from charging late fees, penalties, or interest to residential utility customers for late payments or collection efforts related to gas or electric service. The bill specifically allows late payment charges only for non-residential customers, with a limit of 1.5% per month on the unpaid balance. The legislation also defines "small business customers" with specific criteria related to electricity and gas consumption, which are still subject to potential late fees. Additionally, the bill maintains existing provisions for on-bill recovery charges related to green jobs-green New York programs, ensuring that the rights and responsibilities of customers participating in these programs remain substantially comparable to other utility customers. By eliminating late fees for residential customers, the bill aims to provide financial relief and protection for homeowners and renters who may struggle with timely utility payments.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A7963