New York S 4991: Requires utility service providers to disclose and report third-party contracts within a certain amount of time

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S04991 Summary:

BILL NOS04991 

&nbsp

SAME ASNo Same As

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SPONSORHARCKHAM

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COSPNSR

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MLTSPNSR

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Add §28, Pub Serv L; amd §1020-cc, Pub Auth L

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Requires any gas or electric provider of last resort to publicly notice each purchase of electricity supply, energy or capacity, within seven days of purchase and report it to the department.

Go to top S04991 Actions:

BILL NOS04991 

&nbsp

02/14/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

Go to topS04991 Committee&nbspVotes:

Go to topS04991 Floor&nbspVotes:

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

Go to topS04991 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4991

 2025-2026 Regular Sessions

 IN SENATE

 February 14, 2025
 ___________

 Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when
 printed to be committed to the Committee on Energy and Telecommuni-
 cations

 AN ACT to amend the public service law and the public authorities law,
 in relation to requiring utility service providers to disclose and
 report third-party contracts within a certain amount of time

 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 28 to read as follows:
 3 § 28. Notice for third-party contracts. Any gas provider of last
 4 resort or electric provider of last resort shall publicly notice each
 5 purchase of electricity supply, energy or capacity, within seven days of
 6 purchase. The utility shall report the following to the department for
 7 immediate posting of any third-party supply purchase: the price, the
 8 quantity purchased, and the start and end dates of the contract.
 9 § 2. Section 1020-cc of the public authorities law is amended by
 10 adding a new subdivision 3 to read as follows:
 11 3. Service providers shall be subject to the provisions of section
 12 twenty-eight of the public service law.
 13 § 3. This act shall take effect on the one hundred eightieth day after
 14 it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09725-01-5

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