Bill > A09441

This bill requires that when a utility proposes a major change in its rates, it must provide a detailed description of each proposed capital expenditure, which refers to significant investments in infrastructure or equipment. This description must be presented on a project-by-project basis and include the purpose and necessity of the expenditure, its total cost, and the anticipated benefits for both customers (ratepayers) and the efficient operation of the distribution system. Furthermore, these detailed descriptions of capital expenditures will be made publicly available on the website of the Public Service Commission (PSC), which is the government agency that oversees utilities. The bill also clarifies that the utility bears the responsibility of proving that any rate changes related to these capital expenditures are fair and reasonable.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A9441