New York S 1414: Requires legislative approval of increases in utility charges

Bill Text

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S01414 Summary:

BILL NOS01414 

&nbsp

SAME ASSAME AS A01126

&nbsp

SPONSORTEDISCO

&nbsp

COSPNSRMATTERA, ORTT, PARKER, STEC, WEBER

&nbsp

MLTSPNSR

&nbsp

Amd §66, Pub Serv L

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Enacts the "utility ratepayer protection act"; requires legislative approval of increases in utility charges.

Go to top S01414 Actions:

BILL NOS01414 

&nbsp

01/09/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

Go to topS01414 Committee&nbspVotes:

Go to topS01414 Floor&nbspVotes:

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

Go to topS01414 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1414

 2025-2026 Regular Sessions

 IN SENATE

 January 9, 2025
 ___________

 Introduced by Sens. TEDISCO, PARKER -- 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 requiring legis-
 lative approval of increases in utility charges

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

 1 Section 1. This act shall be known and may be cited as the "utility
 2 ratepayer protection act".
 3 § 2. Subdivision 12 of section 66 of the public service law is
 4 amended by adding a new paragraph (b-1) to read as follows:
 5 (b-1) No change shall be made in any rate or charge, which shall have
 6 been filed by a utility in compliance with an order of the commission,
 7 without the consent of both houses of the legislature by a majority vote
 8 in each house. The utility shall submit a written report to the legisla-
 9 ture at least one hundred eighty days prior to the date when any
 10 proposed increase in fees, rentals and charges for the provision of
 11 services by the utility is scheduled to take effect. Such report shall
 12 include justification for the proposed increase, and information setting
 13 forth the current financial condition of the utility. The legislature
 14 may require any additional data or information that it deems necessary.
 15 If the legislature, or the appropriate committees thereof, finds that
 16 the proposed increases are not necessary to produce sufficient revenue
 17 to meet the expense of the provision of services, including the mainte-
 18 nance and operation of infrastructure, then no proposed increase shall
 19 take effect until approved by a majority vote of each house of the
 20 legislature.
 21 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03433-01-5

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