New York A 7954: Relates to creating a wholesale prescription drug importation program

Bill Text

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A07954 Summary:

BILL NOA07954 

&nbsp

SAME ASSAME AS S04532

&nbsp

SPONSORCarroll P

&nbsp

COSPNSRSchiavoni

&nbsp

MLTSPNSR

&nbsp

Amd §§66 & 80, Pub Serv L

&nbsp

Directs the public service commission to require electric and steam corporations to provide rate reductions or refunds for inadequate or interrupted service; requires electric corporations to reimburse ratepayers for damages to and losses of property and business caused by power outages in certain instances.

Go to top A07954 Actions:

BILL NOA07954 

&nbsp

04/16/2025referred to energy

01/07/2026referred to energy

Go to topA07954 Committee&nbspVotes:

Go to topA07954 Floor&nbspVotes:

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

Go to topA07954 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7954

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 16, 2025
 ___________

 Introduced by M. of A. P. CARROLL -- read once and referred to the
 Committee on Energy

 AN ACT to amend the public service law, in relation to the power of the
 public service commission to require refunds of or reductions in rates
 for inadequate or interrupted electric or steam service

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

 1 Section 1. Subdivision 20 of section 66 of the public service law, as
 2 added by chapter 394 of the laws of 1978, is amended to read as follows:
 3 20. (a) Notwithstanding any general or special law, rule or regu-
 4 lation, the commission shall have the power to provide for the refund of
 5 any revenues received by any gas or electric corporation which cause the
 6 corporation to have revenues in the aggregate in excess of its author-
 7 ized rate of return for a period of twelve months. The commission may
 8 initiate a proceeding with respect to such a refund after the conclusion
 9 of any such twelve month period.
 10 (b) Notwithstanding any general or special law, rule or regulation,
 11 the commission shall impose prompt, meaningful rate refunds or
 12 reductions in instances where electric corporations fail to meet objec-
 13 tively measured service quality standards. Such refunds or reductions
 14 shall at a minimum equal five percent of the amount billed to a customer
 15 for the provision of electric service for a period of twelve months or
 16 such longer period as the commission may prescribe; provided, however,
 17 that the commission may prescribe a schedule setting forth both minimum
 18 and maximum amounts that a customer may receive in refunds or
 19 reductions.
 20 (c) In addition to the provisions of paragraphs (a) and (b) of this
 21 subdivision, in every instance where electric service is interrupted due
 22 to a local distribution system failure lasting for twelve hours or more
 23 within a twenty-four hour period, the commission shall require an elec-
 24 tric corporation that distributes electricity in a city of one million

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01986-01-5

 A. 7954 2

 1 or more to (1) reimburse customers for damages to or losses of property
 2 including, but not limited to perishable food items and medications,
 3 electrical equipment, computer equipment, air conditioning equipment,
 4 and other electronic equipment and instruments used by commercial estab-
 5 lishments or residences; and (2) provide appropriate compensation to
 6 those commercial customers who have lost business as a result of the
 7 service interruption. Such compensation shall be based upon the average
 8 revenues earned by the business in similar time periods, or, for a new
 9 business, the average revenues earned by similar businesses in similar
 10 time periods. The commission may prescribe reasonable limits on the
 11 amount of reimbursement and compensation available to a customer;
 12 provided that such amounts shall not be less than five hundred dollars
 13 for losses of food and medications, one thousand dollars for damages to
 14 electrical equipment and instruments, and ten thousand dollars for lost
 15 business. Additional reimbursement and compensation in accordance with
 16 the preceding requirements shall be provided to each customer who
 17 remains without electr