Bill > S08447

This bill requires that any proposed legislation in New York that could impact the cost of utility services must include a fiscal note detailing the estimated annual cost to ratepayers. The term "ratepayer" is specifically defined as any person paying for utility services from electric corporations, gas corporations, combination gas or electric corporations, or municipalities. The fiscal note must not only provide an estimate of the potential annual cost increase but also specify the source of that cost estimate. By mandating this transparency, the bill aims to help legislators and the public understand the potential financial implications of proposed laws on utility consumers before they are enacted. The legislation would take effect immediately upon passage, ensuring that future bills addressing utility services will be accompanied by clear, upfront information about their potential economic impact on customers.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S8447