Bill > S08213

This bill requires utility companies to provide detailed descriptions of proposed capital expenditures when seeking a major change in rates, with the description to be posted on the Public Service Commission (PSC) website. Specifically, the utility must disclose six key elements for each proposed project: (1) the purpose, (2) total cost, (3) expected period of usefulness, (4) location in the service territory, (5) rationale for inclusion in the rate proceeding, and (6) anticipated benefits to ratepayers, which can include lower costs or other determined benefits. The bill places the burden of proof on the utility to demonstrate that the 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. This bill aims to increase transparency in utility rate proceedings by requiring utilities to provide comprehensive information about proposed capital projects and their potential impact on ratepayers.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S8213