New York S 9534: Relates to limiting rate increases that entail a return on equity for capital projects

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S09534 Summary:

BILL NOS09534A

&nbsp

SAME ASSAME AS A09215

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSR

&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 S09534 Actions:

BILL NOS09534A

&nbsp

03/20/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

03/27/2026AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS

03/27/2026PRINT NUMBER 9534A

Go to topS09534 Committee&nbspVotes:

Go to topS09534 Floor&nbspVotes:

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

Go to topS09534 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9534--A

 IN SENATE

 March 20, 2026
 ___________

 Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Energy and Telecommuni-
 cations -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 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.
 LBD13857-05-6

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps