Bill > S08907

This bill, known as the "utility penalty and customer bill relief act," mandates that gas corporations, electric corporations, combination gas and electric corporations, water-works corporations, and the Long Island Power Authority (LIPA) must return any financial penalties or negative revenue adjustments they incur due to failing to meet annual customer service performance targets directly to their customers as bill credits. These performance targets are established within the companies' rate plans, which are approved by regulatory bodies. The bill also requires these entities to provide information about these bill credits to the relevant commission and to submit annual reports detailing the timeline for returning funds and the amount of relief provided to different customer groups. The legislation specifically defines "combination gas and electric corporation" to include entities under common ownership and amends existing laws to incorporate these new requirements for water-works corporations and LIPA, while excluding municipally-owned utilities and certain generating facilities.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S8907