New York S 9433: Relates to requiring gas and electric corporations to disclose certain information with an application for a major rate change

Bill Text

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S09433 Summary:

BILL NOS09433B

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SAME ASSAME AS A11578

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SPONSORPARKER

&nbsp

COSPNSRROLISON

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MLTSPNSR

&nbsp

Amd §66, Pub Serv L

&nbsp

Requires a gas and electric corporation to disclose certain information with an application for a major rate change; requires information relating to dividends paid to shareholders, capital investments, and policy expenditures; requires each application to include a dividend forecast covering the requested rate period.

Go to top S09433 Actions:

BILL NOS09433B

&nbsp

03/12/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

03/18/2026AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS

03/18/2026PRINT NUMBER 9433A

03/24/20261ST REPORT CAL.637

03/25/20262ND REPORT CAL.

03/26/2026ADVANCED TO THIRD READING 

05/20/2026AMENDED ON THIRD READING 9433B

06/03/2026PASSED SENATE

06/03/2026DELIVERED TO ASSEMBLY

06/03/2026referred to energy

Go to topS09433 Committee&nbspVotes:

Go to topS09433 Floor&nbspVotes:

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

Go to topS09433 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9433--B
 Cal. No. 637

 IN SENATE

 March 12, 2026
 ___________

 Introduced by Sen. PARKER -- 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 -- reported favorably from
 said committee, ordered to first and second report, ordered to a third
 reading, amended and ordered reprinted, retaining its place in the
 order of third reading

 AN ACT to amend the public service law, in relation to requiring gas and
 electric corporations to disclose certain information with an applica-
 tion for a major rate change

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

 1 Section 1. Subdivision 12 of section 66 of the public service law is
 2 amended by adding two new paragraphs (n) and (o) to read as follows:
 3 (n) The commission shall require each application for a major change
 4 in rates filed by a gas corporation, an electric corporation, or a
 5 combination gas and electric corporation, to include a past performance
 6 disclosure which shall include:
 7 (i) detailed information on all dividends paid to shareholders in the
 8 previous ten years, including an explanation of the total dividends paid
 9 and the date such payments were made;
 10 (ii) capital investments which the applicant indicated it would make
 11 in major change in rate filings in the previous ten years, and capital
 12 investments actually made during such time, including an explanation of
 13 why any planned capital investments were not made or were abandoned, and
 14 why any unplanned capital investments were made;
 15 (iii) operating expenses for the previous ten years, including expla-
 16 nations for any differences between the estimated operating expenses in
 17 a major change in rate filing and actual operating expenses; and
 18 (iv) details of programmatic and policy expenditures, including
 19 required state programs, any income-based assistance program identified
 20 by the public service commission, customer service initiatives, and all
 21 related capital expenditures for the previous ten years, including
 22 explanations for any differences between the estimated programmatic and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15111-04-6

 S. 9433--B 2

 1 policy expenses in a major change in rate filing and actual programmatic
 2 and policy expenses. The applicant shall assemble such programmatic and
 3 policy expenditures in a separate and distinct part of the filing in a
 4 standardized format prescribed by the commission.
 5 (o) (i) The commission shall require each application for a major
 6 change in rates filed by a gas corporation, electric corporation, or a
 7 combination gas and electric corporation, to include, a dividend fore-
 8 cast covering the requested rate period.
 9 (ii) The commission, in making its determinations, shall consider the
 10 disclosures required under paragraph (n) of this subdivision when evalu-
 11 ating the rate case filing, whether such