Bill > S08764

This bill requires that when a utility proposes a major change in rates, they 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 to both customers (ratepayers) and the overall 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 overseeing utilities. The bill also clarifies that the utility bears the responsibility of proving that any rate changes associated with these capital expenditures are fair and reasonable.

https://www.nysenate.gov/legislation/bills/2025/S8764