New York S 2203: Caps the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent

Bill Text

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S02203 Summary:

BILL NOS02203 

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SPONSORCOMRIE

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Authorizes and directs the public service commission to conduct a comprehensive study and prepare a report on the feasibility of transferring services provided by gas and electric corporations in this state to an entity owned and operated by the state of New York.

Go to top S02203 Actions:

BILL NOS02203 

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01/15/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

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Go to topS02203 Floor&nbspVotes:

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

Go to topS02203 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2203

 2025-2026 Regular Sessions

 IN SENATE

 January 15, 2025
 ___________

 Introduced by Sens. COMRIE, MAYER -- read twice and ordered printed, and
 when printed to be committed to the Committee on Energy and Telecommu-
 nications

 AN ACT in relation to authorizing and directing the public service
 commission to conduct a comprehensive study and prepare a report on
 the feasibility of transferring services provided by gas and electric
 corporations in this state to an entity owned and operated by the
 state of New York

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

 1 Section 1. The public service commission is authorized and directed to
 2 conduct a comprehensive study and prepare a report on the feasibility of
 3 transferring services provided by gas and electric corporations in this
 4 state to an entity owned and operated by the state of New York. Such
 5 report shall include, but not be limited to:
 6 1. a recommendation on the nature of such entity and how such entity
 7 should be structured;
 8 2. the role of such entity with respect to other state agencies;
 9 3. the degree of autonomy and independence that such entity should be
 10 afforded;
 11 4. a projection of the cost of such transfer;
 12 5. a projection of the long-term cost effectiveness of such transfer;
 13 6. the impact on the price of energy to consumers;
 14 7. the impact on the price of the delivery of energy to consumers;
 15 8. the impact on the quality of service provided to consumers;
 16 9. the impact on the efficiency and effectiveness of responding to
 17 power outages and storm related damage; and
 18 10. any other information the commission deems appropriate.
 19 § 2. Such report shall be filed with the governor, the temporary pres-
 20 ident of the senate, and the speaker of the assembly within one year
 21 after the effective date of this act.
 22 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04932-01-5

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