New York S 7229: Increases the penalties imposed upon gas and electric utilities for failure to file or correct an annual report with the public service commission

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S07229 Summary:

BILL NOS07229 

&nbsp

SAME ASSAME AS A11580

&nbsp

SPONSORGIANARIS

&nbsp

COSPNSRKRUEGER

&nbsp

MLTSPNSR

&nbsp

Amd §66, Pub Serv L

&nbsp

Increases the penalties imposed upon gas and electric utilities for failure to file or correct an annual report with the public service commission; provides such penalties shall not be more than one-tenth of 1% of the utilities' annual net revenue for each day of violation, but not to exceed $25,000 nor be less than $100.

Go to top S07229 Actions:

BILL NOS07229 

&nbsp

04/04/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

05/13/20261ST REPORT CAL.1119

05/14/20262ND REPORT CAL.

05/18/2026ADVANCED TO THIRD READING 

05/29/2026PASSED SENATE

05/29/2026DELIVERED TO ASSEMBLY

05/29/2026referred to energy

Go to topS07229 Committee&nbspVotes:

Go to topS07229 Floor&nbspVotes:

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

Go to topS07229 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7229

 2025-2026 Regular Sessions

 IN SENATE

 April 4, 2025
 ___________

 Introduced by Sens. GIANARIS, KRUEGER -- read twice and ordered printed,
 and when printed to be committed to the Committee on Energy and Tele-
 communications

 AN ACT to amend the public service law, in relation to penalties for the
 failure of gas and electric corporations to file or correct an annual
 report

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

 1 Section 1. Subdivision 6 of section 66 of the public service law, as
 2 amended by chapter 784 of the laws of 1923, is amended to read as
 3 follows:
 4 6. Require every person and corporation under its supervision and it
 5 shall be the duty of every such person and corporation to file with the
 6 commission an annual report, verified by the oath of the president,
 7 vice-president, treasurer, secretary, general manager, or receiver, if
 8 any, thereof, or by the person required to file the same. The verifica-
 9 tion shall be made by said official holding office at the time of the
 10 filing of said report, and if not made upon the knowledge of the person
 11 verifying the same shall set forth the sources of [his] such person's
 12 information and the grounds of [his] the person's belief as to any
 13 matters not stated to be verified upon [his] the person's knowledge. The
 14 report shall show in detail (a) the amount of its authorized capital
 15 stock and the amount thereof issued and outstanding; (b) the amount of
 16 its authorized bonded indebtedness and the amount of its bonds and other
 17 forms of evidence of indebtedness issued and outstanding; (c) its
 18 receipts and expenditures during the preceding year; (d) the amount paid
 19 as dividends upon its stock and as interest upon its bonds; (e) the
 20 names of its officers and the aggregate amount paid as salaries to them
 21 and the amount paid as wages to its employees; (f) the location of its
 22 plant or plants and system, with a full description of its property and
 23 franchises, stating in detail how each franchise stated to be owned was

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01798-01-5

 S. 7229 2

 1 acquired; and (g) such other facts pertaining to the operation and main-
 2 tenance of the plant and system, and the affairs of such person or
 3 corporation as may be required by the commission. Such reports shall be
 4 in the form, cover the period and be filed at the time prescribed by the
 5 commission. The commission may, from time to time, make changes and
 6 additions in such forms. When any such report is defective or believed
 7 to be erroneous, the commission shall notify the person, corporation or
 8 municipality making such report to amend the same within a time
 9 prescribed by the commission. Any such person or corporation or munici-
 10 pality which shall neglect to make any such report or which shall fail
 11 to correct any such report within the time prescribed by the commission
 12 shall be liable to a penalty of not more than one-tenth of one percent
 13 of the annual net revenues of such person, corporation or municipality
 14 for the past year, but not mor