New York A 9215: Relates to limiting rate increases that entail a return on equity for capital projects

Bill Text

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A09215 Summary:

BILL NOA09215 

&nbsp

SAME ASSAME AS S09534-A

&nbsp

SPONSORJacobson

&nbsp

COSPNSRSchiavoni, Santabarbara

&nbsp

MLTSPNSR

&nbsp

Add §114-b, Pub Serv L

&nbsp

Prohibits the public service commission from approving a rate increase that entails a return on equity for capital projects that is above the prevailing ten-year treasury rate plus one percent.

Go to top A09215 Actions:

BILL NOA09215 

&nbsp

11/03/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA09215 Committee&nbspVotes:

Go to topA09215 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA09215 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9215

 2025-2026 Regular Sessions

 IN ASSEMBLY

 November 3, 2025
 ___________

 Introduced by M. of A. JACOBSON -- read once and referred to the Commit-
 tee on Corporations, Authorities and Commissions

 AN ACT to amend the public service law, in relation to limiting rate
 increases that entail a return on equity for capital projects

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The public service law is amended by adding a new section
 2 114-b to read as follows:
 3 § 114-b. Rate limitation; return of equity. 1. As used in this
 4 section, "ten-year treasury rate" means the annual interest rate the
 5 federal government pays on a ten-year treasury note.
 6 2. In determining rates to be charged to customers, the commission
 7 shall not approve a rate increase that entails a return on equity for
 8 capital projects that is above the prevailing ten-year treasury rate
 9 plus one percent.
 10 § 2. This act shall take effect on the sixtieth day after it shall
 11 have become a law and shall apply to the rate increases occurring on and
 12 after such effective date. Effective immediately, the addition, amend-
 13 ment and/or repeal of any rule or regulation necessary for the implemen-
 14 tation of this act on its effective date are authorized to be made and
 15 completed on or before such effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13857-03-5

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