New York S 9474: Establishes a standardized rate application template for utilities

Bill Text

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S09474 Summary:

BILL NOS09474A

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SAME ASSAME AS A10534-A

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Add §27-a, Pub Serv L

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Establishes a standardized rate application template for utilities; provides that utilities have to provide certain information when filling out a standardized rate application.

Go to top S09474 Actions:

BILL NOS09474A

&nbsp

03/16/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

05/04/2026AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS

05/04/2026PRINT NUMBER 9474A

Go to topS09474 Committee&nbspVotes:

Go to topS09474 Floor&nbspVotes:

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

Go to topS09474 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9474--A

 IN SENATE

 March 16, 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

 AN ACT to amend the public service law, in relation to establishing a
 standardized rate application template

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

 1 Section 1. Legislative findings and intent. The legislature finds that
 2 rate increase applications filed by gas and electric utilities before
 3 the New York state public service commission vary widely in format, and
 4 explanatory detail. This lack of uniformity impedes meaningful review
 5 by regulators, intervenors, and the public, and makes comparison across
 6 rate cases difficult.
 7 The legislature therefore declares that it is in the public interest
 8 to require standardized, transparent, and clearly explained rate
 9 increase filings in order to promote accountability, comparability, and
 10 informed decision making.
 11 § 2. The public service law is amended by adding a new section 27-a to
 12 read as follows:
 13 § 27-a. Standardized utility rate case filings. 1. Definitions. For
 14 the purposes of this section, the following terms shall have the follow-
 15 ing meanings:
 16 (a) "Rate filing" means any petition, filing, or submission seeking
 17 approval of a major change in rates and charges as defined in subdivi-
 18 sion twelve of section sixty-six of this chapter.
 19 (b) "Utility" means any electric, gas, or steam corporation subject to
 20 rate regulation pursuant to this chapter.
 21 2. Standardized rate application template. (a) The commission shall,
 22 by rule establish a standardized rate application template to be used by
 23 all utilities making a rate filing.
 24 (b) The standardized template shall require uniform presentation of
 25 information, including, but not limited to:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15085-05-6

 S. 9474--A 2

 1 (i) an executive summary of the proposed rate increase and total
 2 revenue request;
 3 (ii) the projected bill impacts by customer class;
 4 (iii) a detailed breakdown of operating expenses, capital expendi-
 5 tures, and rate base components;
 6 (iv) historical and forecasted test year data presented in a consist-
 7 ent format;
 8 (v) a side-by-side comparison of current rates and proposed rates; and
 9 (vi) any additional schedules or exhibits the commission deems neces-
 10 sary for complete review.
 11 (c) All rate filings shall be submitted using the standardized
 12 template, except those initiated pursuant to section seventy-one or
 13 seventy-two of this chapter.
 14 3. Explanation of calculations and assumptions. (a) Each rate filing
 15 made by a utility shall include a clear and comprehensive explanation of
 16 all calculations used for key elements of the rate filing including but
 17 not limited to:
 18 (i) revenue requirement calculations;
 19 (ii) cost of capital calculations;
 20 (iii) depreciation, amortization, and plant-in-service calculations;
 21 (iv) allocation of costs among customer classes; and
 22 (v) forecasting assumptions used in test year analyses.
 23 (b) Comprehensive explanations shall include:
 24 (i) identification of all formulas and mathematical methodologies
 25 employed;
 26 (ii) the source of all da